Isabelle transfers property with a tax basis of $300 and a FMV of $400 to a corporation in exchange for stock with a FMV of $350 in a transaction that qualifies for deferral under Code Sec. 351. The corporation assumed a liability of $50 on the property transferred. (Assume the liability has a business purpose and that none of the debt is personal debt.) What is Isabelle's tax basis in the stock received in the exchange? Select one: O A. $150 OB. $300 O C. $200 OD. $250