Global Corporation Distributes Property with a Basis of $22,000 and a Fair

Short Answer

Global Corporation distributes property with a basis of $22,000 and a fair market value of $30,000 to Arturo in complete liquidation of the corporation.Arturo's basis in the stock is $14,000.What must Arturo and Global report as income upon the liquidation of Global?
$\begin{array}{ll}\text { Arturo } & \text { Global } \\a.\$ 16,000 & \$ 8,000 \\b.\$ 16,000 & \$-0- \\c.\$ 30,000 & \$-0- \\d.\$ 30,000 & \$ 30,000\end{array}$