11. Anna transfers two assets to a corporation as part of a Sec. 351 exchange. The first asset has an adjusted basis of $100,000 and an FMV of $150,000. The second asset has an adjusted basis of $60,000 and an FMV of $50,000. The FMV of the stock received is $175,000, and he also receives $25,000 cash. The realized and recognized gain on the second asset is

A) $80,000 realized; $20,000 recognized.

B) $80,000 realized; $15,000 recognized.

C) $20,000 realized; $10,000 recognized.

D) $10,000 realized; $10,000 recognized.

Please provide an explanation, thank you!