B Purchased a Tractor Trailer from His Mother for Its

Multiple Choice

B purchased a tractor trailer from his mother for its fair market value of $2,100.She had used the trailer exclusively for business purposes.At the time of sale, the mother's basis in the vehicle was $5,500.What is B's recognized gain or loss if he immediately sells the vehicle for $3,200?

A) ($3,400)
B) ($2,300)
C) $0
D) $1,100