(Hint: Refer to IRC Section 267) Chris Fuller owns 70 percent of Faith Company. During the year Faith Company sold land to Chris for its fair market value, $65,000. Faith Company had acquired the land in 1984 for $68,000 and held it for investment purposes. Chris subsequently sold the land for $73,000. The results of these transactions are: A: Faith Company: Realized loss $3,000, Recognized loss 3,000; Chris: Realized gain $8,000, Recognized gain 8,000; B: Faith Company : Realized loss $3,000, Recognized loss 3,000; Chris: Realized gain $5,000, Recognized gain 5,000; C: Faith Company: Realized loss $3,000, Recognized loss -0-; Chris: Realized gain $8,000, Recognized loss 8,000; D: Faith Company: Realized loss $3,000, Recognized loss -0-; Chris: Realized gain $8,000, Recognized gain 5,000; E: Faith Company: Realized loss $3,000, Recognized loss -0-; Chris: Realized gain $5,000, Recognized gain 5,000;