Lauren owns 3000 shares of fenmore stock constituting 30% of its single class of stock. lauren had acquired 1500 shares 5 years ago for $20,000, 1000 shares 3 years ago for $10,000, and 500 shares 1 year ago for $30,000. fenmore completely liquidated and lauren received land held by fenmore as an investment worth $100,000 wiath a base to fenmore of $20,000. fenmores earnings and profits before liquidation were $90,000. what is laurens gain or loss?

a. $100,000 dividend
b. $90,000 dividend, $10,000 return of capital
c. $80,000 capital gain
d. $40,000 capital gain