Miley owns Cyrus, Inc. stock (adjusted basis of $38,000) that she sells to Stevie, her brother, for its fair market value of $33,000. Fifteen months later, he sells it to Rihanna, a friend, for its fair market value of $41,000. Determine Miley's recognized loss, Stevie's recognized gain or loss, and Rihanna's adjusted basis for the stock.

Group of answer choices:

a) Miley's recognized loss Stevie's recognized gain/loss Rihanna's basis

$ -0- $3,000 $41,000

b) Miley's recognized loss Stevie's recognized gain/loss Rihanna's basis

$ -0- $8,000 $33,000

c) Miley's recognized loss Stevie's recognized gain/loss Rihanna's basis

$ -0- $8,000 $41,000

d) Miley's recognized loss Stevie's recognized gain/loss Rihanna's basis

$ 5,000 $8,000 $41,000