30. 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.

Sales price	$600,000
Selling expenses	15,000
Replaced and paid for a broken window on March 2	800
Basis of old home before repairs and improvements	310,000

Based on these facts, what is the amount of his recognized gain?

A) $0

B) $25,000

C) $40,000

D) $275,000