Rachel owns 100% of the stock of Cardinal Corporation. In the current year Rachel transfers an installment obligation, tax basis of $180,000 and fair market value of $350,000, for additional stock in Cardinal worth $350,000. a. Rachel has a taxable gain of $170,000. b. Rachel recognizes no gain on the transfer. c. Rachel has a taxable gain of $180,000 d. Rachel has a basis of $350,000 in the additional stock she received in Cardinal Corporation Os. None of these choices are correct