For the following question, provide an explanation of the correct answer and why the other choices are incorrect. 3) Agnes sold 50 shares of ABC stock to her son, Steve, in Year 4 for $42,000. She bought the stock eight years ago for $50,000. Steve sold the stock to an unrelated party in Year 6 for $60,000. How much gain will Steve recognize from the sale in Year 6? A. $0 B. $10,000 C. $18,000 D. $60,000 Recognized Gain New Basis $0 $890,000 $900,000 $890,000 $900,000 A. $0 C. $50,000 D $60,000