[21j Clint, inc., acquired 7U% of the onty Class or stOCk of Banner, Inc., in July Year 1 tor $100.000. in January Year b.it acquired an additional 15% of Banner for $150,000. Clint liguidated Banner...

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Extracted text: [21j Clint, inc., acquired 7U% of the onty Class or stOCk of Banner, Inc., in July Year 1 tor $100.000. in January Year b.it acquired an additional 15% of Banner for $150,000. Clint liguidated Banner in Year 7 and received assets with a FMV of $510,000 and a basis of s300,000. Clint's earnings and profits balance at the time of liquidation was $180,000. What is Clint's recognized gain on the liquidation? (Assume Banner's remaining properties are distributed to the minority shareholder.) A. $0 B. $180,000 C. $210,000 D. $260.000