Evelyn Everest gave a property to her mother Sharon whose adjusted basis was $12,000 and the fair market value was $80,000. Sharon died 8 months later when the property was valued at $85,000 and she left the property to Evelyn.

a. What is Evelyns basis?

b. If Sharon had died more than a year after receiving the gift when the fair market value was $85,000, what would the basis had been to Evelyn?