Hydrogen Corporation Has Assets Valued at $500,000 (Adjusted Basis of $100,000),liabilities

Hydrogen Corporation has assets valued at $500,000 (adjusted basis of $100,000) ,liabilities of $200,000,and accumulated earnings and profits of $50,000.Oxygen Corporation has entered into negotiations with Hydrogen to acquire it in a corporate reorganization transaction.Which of the following statements is true with regard to the proposed reorganization?

A) If the transaction qualifies as a "Type A" reorganization, Hydrogen recognizes gain of $100,000 because its liabilities are in excess of its adjusted basis.
B) The transaction qualifies as a "Type B" reorganization, and Hydrogen recognizes gain if the cash received from Oxygen at least equals the liabilities.
C) The transaction cannot qualify as a "Type C" reorganization because Hydrogen's liabilities are greater than 20% of its asset value. Liabilities are treated as boot in a "Type C" reorganization.
D) If the transaction qualifies as an acquisitive "Type D" reorganization, Oxygen will increases its liabilities by $200,000 and Hydrogen recognizes $50,000 due to its earnings and profits.
E) None of the above are true.