Mario and Jim are considering incorporating their pizza shop. If Mario and Jim incorporate, they would transfer the following assets to the corporation in exchange for 100% of the stock. Basis FMV Mario Jim Mario Jim Cash $ 5,000 $ 4,000 $ 5,000 $ 4,000 Equipment 10,000 31,000 30,000 30,000 Furniture and fixtures 1,000 0 12,000 1,000 Building 40,000 0 100,000 0 Totals $56,000 $35,000 $147,000 $35,000 If they went forward with the incorporation, how much gain/loss would Mario have to report on his individual tax return for the year of transfer? A. $0 B. $91,000 gain. C. $91,000 loss. D. None of the answers are correct.