Benjamin received an gift from his mother, Abigail, 1,000 share of Facebook stock. Abigail purchased the Facebook stock in May 2009 for a cost of $100 per share. On the date of the transfer Facebook stock was trading at $500 per share. Abigail paid the appropriate gift tax of $30,000 upon completing the gift to Benjamin. What is Benjamins basis in the stock?

• A. $480,000
• B. $530,000
• C. $500,000
• D. $527,000