In 2017, Jessica gifted stock to her daughter, Jane. Jessica originally purchased the stock for $35,000. At the date of gift, the stock had a fair market value of $27,000. In 2019, Jane sold the stock for $23,000. What is Jane's basis for determining gain or loss on the sale of the stock? a) $0. b) $25,000. c) $27,000. d) $35,000. e) None of the above.