on January 1, year 3, susan transferred land she had originally acquired on June 21, year1,to corporation K in a nontaxable exchange for K's stock. The land had a FMV of $25,000 and an adjusted basis of 12000. On Sep 1, year 3, K sold the property that it held for investment purposes for 27000. The amount and character of the gain recognized by Corporation K is

A. 2000 short-term capital gain

B. 2000 long-term capital gain

C. 15000 short-term capital gain

D. 15000 long-term capital gain