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Riverwalk Corporation (a C corporation) is liquidated, with Juan receiving $5,000 in money and other property having a $6,000 FMV. Juan's basis in his Riverwalk

Riverwalk Corporation (a C corporation) is liquidated, with Juan receiving $5,000 in money and other property having a $6,000 FMV. Juan's basis in his Riverwalk stock is $8,000. Upon liquidation, Juan must recognize a gain of

Select one:

a. 0.

b. $2,000.

c. $3,000.

d. $11,000.

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