Finch Corporation dishibutes property (basis of $140,000, fair market value of $200,000) to a shareholder in a distribution that is a qualifying stock redemption. The property is subject to a liability of $90,000, which the shareholder assumes. The basis of the property to the shareholder is:
a. $0.
b. $50,000.
c. $110,000.
d. $140,000.
e. None of the above.