Please help me: Joe Jimson died and property with an adjusted basis of $60,000 and a fair market value of $112,000 went to Joe's beneficiary. The executor chose the alternate valuation date when the value was $110,000. What is the basis of the property to the beneficiary?

a. $60,000

b. $112,000

c. $115,000

d. $120,000

e.$110,000