Merle gives stock to her son Marvin. The stock has a basis to Merle of $332,500 and a value of $299,250 on the date of the gift. No gift tax was incurred on the transfer. What are Marvin's Income tax consequences if he later sells the stock for: If there is no gain or loss, enter "0" and select "No gain or loss" from the drop down. a. $282,6252 $ b. $315,875? c. $365,750