Craig transferred a tractor truck and two trailers to ZYX Transport. The truck and trailers had a basis of $160,000. Craig received stock worth $150,000, property with a FMV of $20,000, and $25,000 in cash. What is Craigs recognized gain if this was a Sec. 351 exchange?

$25,000

$45,000

$20,000

$35,000