Colin receives a lump-sum distribution of employer securities (1,000 shares) from his stock bonus plan in Year 1 worth $140,000. The NUA for the stock equals $110,000 at the time of the distribution. Colin sells half of the shares four years after he received it as a distribution from the qualified plan. He receives proceeds of $100,000 from the sale. How much is Colins capital gain?

a. $55,000.

b. $65,000.

c. $75,000.

d. $85,000.