Mars corp mergs into Jupiter corp by exchanging all of its assets for $ 300,000 shares of Jupiter stcoks valued at $2 per share and $100,00 cashwanda the sole shareholder of mars surrenders her mars stoc basis of $ 900,000 and receives all of the Jupiter stock transferred to mars plus the $ 100,000. how does wamda treat this transaction on her tax return?

a-wanda recognizes $ 100,00 gain her Jupiter stock basis is $ 900,000

b-wanda recognizes a loss of $ 100,000her Jupiter stock basis is $800,000

c-wanda recognizes a $ 100,000 gain stock basis $ 700,000

d-wanda realizes a $ 200,000 loss of which $ 100,000 is recognized. her Jupiter stock basis is $1 million

e-none of above