Last year , crow corporation acquired land in a transaction that qualified under § 351. the land had a basis of $400,000 to the contributing shareholder and a fair market value of $310,000. assume that the shareholder also transferred equipment (basis of $100,000, fair market value of $200,000) in the same § 351 exchange. in the current year, crow corporation adopted a plan of liquidation and distributes the land to ali, a shareholder who owns 20% of the stock in crow corporation. the land’s fair market value was $230,000 on the date of the distribution to ali. crow corporation acquired the land to use as security for a loan it had hoped to obtain from a local bank. in negotiating with the bank for a loan, the bank required the additional capital investment as a condition of its making a loan to crow corporation. how much loss can crow corporation recognize on the distribution of the land? a.$0b.$80,000c.$90,000d.$170,000e. none of the above