Sandy inherited a Exxon Mobil stock in 2018 from her mothers estate. The stock had been bought in 1970 by her mother for $2 per share. At the time of the inheritance, the stock was worth $95 per share. Which statement below is true?

a. Sandys basis will be $2 per share and she will report a gain of $93 per share at the time of the inheritance.

b. Sandys basis will be $95 per share and she will report a gain of $93 per share at the time of the inheritance.

c. Sandys basis will be $2 per share, but she will not have to report any gain or loss until she sells the stock.

d. Sandys basis will be $95 per share, and she will not have to report any gain or loss until she sells the stock.