On January 2, 2017, Henry, Cabot, and Lodge formed a three-person equal partnership with Henry and Cabot each contributing $100,000 and Lodge contributing securities with a basis to him of $60,000 and a fair market value of $100,000. On February 28, 2017, the partnership sold the securities for $130,000. The amount of the gain to be allocated to Lodge is

a. $70,000.

b. $50,000.

c. $30,000.

d. $23,333.

e. $10,000.