Taxpayer receives stock as a gift from his uncle. The adjusted basis of the stock is $20,000 and the fair market value is $37,000. Taxpayer trades the stock for bonds with a fair market value of $35,000 and $2,000 cash. What is his recognized gain and the basis for the bonds? a. $2,000, $22,000. b. $0, $20,000. c. $2,000, $20,000. d. $17,000, $35,000. e. None of the above