In 2013, Jason purchased his home for $300,000. He made a down payment of $50,000, and secured a recourse loan for the balance. In 2019, the bank foreclosed on the home because he stopped making payments. At the time of the foreclosure, the mortgage balance was $230,000, the FMV was $320,000, and the adjusted basis was $340,000 (due to a room addition). What is the amount that Jason realized from the foreclosure?

a. $230,000

b. $300,000

c. $320,000

d. $340,000