Here is Question $35$ written out:Question $35$Charla Corporation is owned eighty percent $(80\%)$ by Jeanette and twenty percent $(20\%)$ by Victoria who are unrelated to each other. Pursuant to a Complete Liquidation, Charla Corporation distributed Land that had a Fair Market Value on the date of distribution of $$100,000$ and a basis to Charla Corporation of $$600,000.$ The Land was acquired by Charla Corporation in a Section $351$ Transfer two $(2)$ years ago from Victoria when its fair market value was $$300,000.($Assume that there was no business purpose for the transfer$).$ Pursuant to the Complete Liquidation, the Land is distributed entirely to Jeanette. The Recognized Loss to Charla Corporation is:$$200,000$$$500,000$$$0$$$300,000$Let me know if youd like help selecting the correct answer!