It is now $2023.$ Harmonica, Inc., a calendar year S corporation, is owned equally by three shareholders: August, April, and May. The corporation owns equipment that was purchased for $$112,000$ four years ago. On November $13$ of the current year, when the equipment is worth $$145,000,$ it is distributed to August.

Assume that August's basis in the $S$ corporation stock is $$160,000$ immediately before the distribution. How much gain will be attributed to August as a result of the distribution?

Select one:

a$.$ $$25,000$

b$.$ $$0$

c$.$ $$33,000$

d$.$ $$11,000$