Monitor Company Sold an Asset on the First Day of the Tax

Monitor Company sold an asset on the first day of the tax year for $600,000.Its regular tax basis was $250,000, and its basis for Federal AMT purposes was $220,000.Because of differences in cost recovery schedules, the state basis in the asset was $300,000.What adjustment, if any, should be made to Federal taxable income in determining the correct taxable income for the typical state?

A) ($70,000) .
B) ($50,000) .
C) $50,000.
D) $0.
E) Some other amount.