On September 1, Year 1, Pete Moss bought 2,500 shares of Bicycle Bob's, Inc. stock for $180,000. The FMVs of this stock on certain dates were as follows: July 23, Year 6$175,000 August 5, Year 6190,000 Moss died on July 23, Year 6, bequeathing this stock to his son, Joe. The stock was distributed to Joe on August 5, Year 6. No elections were made with respect to valuing the stock. Joe's basis in this stock is

		$175,000
		$180,000
		$190,000
		$180,000 plus applicable inheritance taxes.