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Question 8 2 pts Dried Fruit Corp. has had a valid S Corp election in...

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Question 8 2 pts Dried Fruit Corp. has had a valid S Corp election in effect at all times since its incorporation. The Dried Fruit Corp. stock is owned one-third by Raisin and two-thirds by Prune. All shareholders are US resident citizen individuals. At the beginning of the current year, Raisin's basis in his shares was $78,000 and Prune's basis in her shares was $26,000. During the current year, Dried Fruit Corp. earned $468,000 of net income from operations. Raisin's share was $156,000; Prune's share was $312,000. On July 1st, Dried Fruit Corp. distributed $208,000 to Raisin and $416,000 to Prune. How much gain does Prune recognize as a result of this transaction? $78,000 $26.000 $0 $52,000

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