On the formation of HYG Corporation, A (a cash-basis individual) receives 70 shares (70%) of HYG common stock by transferring ordinary income property with a basis of $10,000 and a FMV of $70,000, and B (a cash-basis individual) receives 30 shares (30%) of HYG stock by transferring inventory with a basis of $1,000 and a FMV of $5,000 and performing managerial services with a FMV of $25,000. What is the amount and character, if any, of the gain recognized by B?