Roberta Warner and Sally Rogers formed the Acme Corporation on October 1, 2012. On the same date, Warner paid $75,000 cash to Acme for 750 shares of its common stock. Simultaneously, Rogers received 100 shares of Acmes common stock for services rendered. How much should Rogers include as taxable income for 2012 and what will be the basis of her stock?

Taxable Income Basis of Stock

A. $ 0 $ 0

B.$ 0 $10,000

C. $10,000 $0

D. $10,000 $10,000

E. None of the above