Gary Vera transferred property that had an adjusted basis to him of $90,000 and a fair market value of $150,000 to Chen Corporation in exchange for 100 percent of Chen's only class of stock and $20,000 cash. At the time of the transfer, the stock had a fair market value of $130,000. What is the amount of gain to be recognized by Gary? $0 $10,000 $20,000 $60,000