Molly exchanges land (adjusted basis of $85,000; fair market value of $78,000) used in her business and common stock held for investment (adjusted basis of $10,000; fair market value of $15,000) for a single parcel of land (fair market value of $93,000) to be used in her business in a like-kind exchange. What is Mollys basis in the property received?

a. $0

b. 5,000

c. ($2,000)

d. ($7,000)

e. None of the above