Marty Samour incorporated his cash basis consulting business. He transfers equipment that has a zero basis and a fair market value of $2000. He also transfers accounts receivable of $12,000 and accounts payable of $15,000. What is the amount of gain or loss to be recognized by Marty?

1. $3,000 loss.
2. $2,000 gain.
3. $3,000 gain.
4. No gain or loss.