Henry transfers property with an adjusted basis of $90,000 and a FMV of $100,000 to a newly-formed corporation in a Sec. 35 exchange. Henry receives stock with a FMV of $80,000 and a short-term note with a $20,000 FMV. Henrys recognized gain is? A) $0 B) $5,000 C) $10,000 D) $20,000