ABC Inc. had current earnings and profits of $50,000 when it made a nonliquidating distribution to an individual shareholder of land that ABC Inc. held for use in its business. On the date the land was distributed, Abc Inc.'s adjusted basis in the land was $20,000, the fair market value of the land was $60,000, and the land was encumbered by a $40,000 mortgage, which liability was assumed by the shareholder. After the distribution, how much are ABC Inc.'s earnings and profits?