Clampett, Incorporated, converted to an S corporation on January $1,2022.$ At that time, Clampett, Incorporated, had cash $($$$40,000),$ inventory $($FMV $$60,000,$ basis $$30,000),$ accounts receivable $($FMV $$40,000,$ basis $$40,000),$ and equipment $($FMV $$60,000,$ basis $$80,000).$ What is Clampett, Incorporated's net unrealized built$-$in gain or loss on January $1,2022?$

Multiple Choice

$$30,000$ net unrealized built$-$in gain

$$10,000$ net unrealized built$-$in gain

$$0$ net unrealized built$-$in gain

$$20,000$ net unrealized built$-$in loss

None of the choices are correct.