Cheryl bought some stock for $110,000. Two years later, she gave the stock to her brother, Harold, when its value was $100,000. Three years later, Harold sold the stock for $105,000. What is the value of the gift to Harold, and his gain or loss on the sale, respectively?

Select one:

a. $100,000; $5,000 gain

b. $110,000; 0 gain/loss

c. $100,000; 0 gain/loss

d. $110,000; $5,000 loss