Pierce Sold His Home This Year Based on These Facts,what Is the Amount of His Recognized

Multiple Choice

Pierce sold his home this year.He had owned and lived in the house for 10 years.Pierce signed a contract on March 4 to sell his home. $$\begin{array} { | r | r | } \hline \text { Sales price } & \$ 600,000 \\\hline \text { Selling expenses } & 15,000 \\\hline \text { Replaced and paid for a broken window on March 2 } & 800 \\\hline \text { Basis of old home before repairs and improvements } & 310,000 \\\hline\end{array}$$ Based on these facts,what is the amount of his recognized gain?

A) $0
B) $25,000
C) $40,000
D) $275,000