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35. Andi Corporation transfers assets with an adjusted basis of $200,000 and an FMV of $300,000 to Bella Corporation in exchange for $300,000 of Bella Corporation stock as part of a tax-free reorganization. The Bella stock had been purchased from its shareholders one year earlier for $250,000. How much gain do Andi and Bella Corporations recognize on the asset transfer?

A)

Andi	Bella
$0	$0

B)

Andi	Bella
$0	$50,000

C)

Andi	Bella
$100,000	$0

D)

Andi	Bella
$100,000	$50,000