Rolf Exchanges an Office Building Worth $150,000 for Investment Land

Multiple Choice

Rolf exchanges an office building worth $150,000 for investment land worth $175,000.He also provided stock worth $25,000.Rolf's adjusted basis in the building and stock is $130,000 and $11,000,respectively.How much gain will Rolf recognize on the exchange?

A) $0
B) $14,000
C) $20,000
D) $34,000