8) Raia transfers property with an adjusted basis of $90,000 and an FMV of $100,000 to a newly-formed corporation Azhak, Inc, in a Sec. 351 exchange. Raia receives stock with an FMV of $80,000 and a short-term note with a $20,000 FMV. Raia's recognized gain is A) $0. B) $5,000. (C) $10,000. D) $20,000