P Corp has common stock with a par value of 25.00 during the year p entered into an exchange whereby the company gave up stock worth 350000 and received land with a fmv of 350000 and an adjusted basis of 100000. At the time of the exchange p common was selling for 35.00 what gain must p recognize as a result of the exchange

A 0

B 100000

C 250000

D 350000