QuestiUIT West incorporates his business, "Kardashian's Baby Daddy, Inc.". He contributes his copyright to the corporation (basis of $42,000, FMV of $117.000) in exchange for 59,320 shares (90%) of the new corporation's stock, worth $82,000. The corporation assumes West's outstanding mortgage of $60,000, which he took out to pay for his psychiatric visits. How much is West's stock basis? A $82,000 B $25,000 C $60,000 (D) some other amount