Barite Corporation acquires all of Brass Corporation's stock in exchange for its voting stock. Darius received $1,000$ shares of Barite valued at $$50,000$ for $8,000$ shares of Brass that cost Darius $$100,000$ five years ago. In addition to the Barite stock, Darius receives a $$30,000$ bond. How does Darius treat this transaction for tax purposes?

a$.$ Darius recognizes a loss of $$20,000$ and has a basis of $$80,000$ in the Barite stock.

b$.$ Darius realizes a $$20,000$ loss that is not recognized. The basis in the Barite stock is $$120,000.$

c$.$ Darius recognizes a $$20,000$ loss and a $$25,000$ gain. The basis in the Barite stock is $$105,000.$

d$.$ Darius recognizes a loss of $$50,000$ and has a basis of $$50,000$ in the Barite stock.

e$.$ Darius has no recognized loss and a basis in the Barite stock of $$70,000.$