19. Geranova Corporation is liquidated, with Vlad receiving $7,500 in money, other property having a $5,000 FMV, and a $2,000 mortgage on the property. Vlads basis in his Geranova Co. stock is $7,000. Upon liquidation, Vlad must recognize a gain of

A) 2,000.

B) $3,500.

C) $5,000.

D) $12,500.