Tara Transfers Land with a $690,000 Adjusted Basis and a $700,000

Multiple Choice

Tara transfers land with a $690,000 adjusted basis and a $700,000 FMV to a corporation in a Sec.351 transfer.Immediately after the transfer,Tara owns 100% of the corporation-stock with a FMV of $615,000.In addition,$85,000 of business-related liabilities are assumed by the corporation with respect to the transfer.No other property is transferred.Tara's recognized gain on the transfer is

A) $0.
B) $5,000.
C) $10,000.
D) $15,000.