Mr. Scott owned a parcel of real estate that he was holding for investment. It had an adjusted basis of $50,000. Mr. Scott exchanged the real estate for the assets listed below: Land to be held for investment: Fair market value $60,000 A boat for personal use: Fair market value 3,000 Cash 2,000 What is the amount of Mr. Scott's basis in the real estate that he received? A. $50,000 B. $45,000 C. $60,000 D. $58,000