Finch Corporation distributes property $($basis of $$245,000,$ fair market value of $$308,000)$ to a shareholder in a distribution that is a qualifying stock redemption. The property is subject to a liability of $$104,000,$ which the shareholder assumes. The basis of the property to the shareholder is:

a$.$

$$245,000.$

b$.$

$$204,000.$

c$.$

$$-0-.$

d$.$

$$308,000.$