please answer and explain

11. Heckyl and Jeckyl Corporations have filed consolidated returns for several calendar years. Heckyl acquires land for $80,000 on January 1 of last year. On October 31 of this year, Heckyl sells the land to Jeckyl for $95,000. The basis and holding period for the land acquired by Jeckyl are: A) Holding Period Begins Basis On $80,000 January 2 of last year B) Holding Period Begins Basis On $95,000 January 2 of last year C) Holding Period Begins Basis On $95,000 November 1 of this year D) none of the above