Shonda transfers a building with a value of $$300,000($adjusted basis $=$ $$120,000)$ to Anders Corp. in exchange for stock worth $$160,000.$ As part of the transfer, Anders assumes $$140,000$ of accounts payable from Shonda's cash$-$method sole proprietorship. What is Shonda's gain recognized?

Multiple choice question.

Recognized gain $=$ $$180,000.$

Recognized gain $=$ $$140,000$

Recognized gain $=$ $$0$