Fred and Sarajane exchanged equipment in a qualifying-like-kind exchange, Fred gives up equipment with an adjusted basis of $14,000 ( fair market value of $15,000)in exchange for Sarajane's equipment with a fair market value of $12,000 plus $3,000 cash. What is Sarajane's basis in the equipment received in the exchange, assuming her basis in the equipment given up was $12,000?

A. $0

B. $12,000

C. $14,000

D. $15,000

E. None of the above