Which of the Following Statements Is Correct Regarding S Corporation

Which of the following statements is correct regarding S corporation estimated taxes?

A) S corporations never pay estimated taxes.
B) S corporations with a federal income tax liability of $500 due to the built-in gains tax or excess net passive income tax must pay estimated taxes.
C) S corporations that owe $5,000 in LIFO recapture tax only must pay estimated taxes.
D) S corporations with a federal income tax liability of $100 due to the excess net passive income tax must pay estimated taxes.
E) None of the choices are correct.
ESSAY. Write your answer in the space provided or on a separate sheet of paper.
117) Suppose SPA Corporation was formed by Sara Incorporated (a C corporation that is 100percent owned by Sara) and Sara's friend Tyson. In exchange for 50percent of the stock of SPA, Sara contributed $100,000. In exchange for the remaining 50percent of the SPA stock, Tyson contributed a building with a fair market value of $100,000 and an adjusted tax basis of $60,000. How much gain is Tyson required to recognize on the contribution? Is SPA eligible to elect S corporation status?