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14) Kent Knobe gave Larry Lawson a gift having a fair market value of $135,000 on February 14, 2018. Kent had purchased the gift property

14) Kent Knobe gave Larry Lawson a gift having a fair market value of $135,000 on February 14, 2018. Kent had purchased the gift property in 2010 for $95,000, the taxable gift was $120,000, and paid a gift tax of $15,000. What is Larry's basis in the property?

$95,000

$120,000

$100,000

$110,000

$135,000

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