Lewis works at Harley Davidson selling motorcycles. Harley Davidson allows him to buy a new motorcycle for $20,000. The motorcycle's cost to Harley Davidson is $15,000 and has a Fair Market Value of $44,000. What amount of income does Lewis recognize? What is Lewis's basis for his motorcycle?

A. Income: $5,000; Basis $20,000

B. Income: $-0-; Basis $20,000

C. Income: $24,000; Basis $44,000

D. Income: $-0-; Basis $44,000

E. Income: $24,000; Basis $20,000