Three individuals form Bro Corporation with the following contributions: Wendy, cash of $33,000 for 33 shares; Ted, land worth $22,000 (basis of $11,800) for 22 shares; and Henry, sheep worth $9,000 (basis of $4,500) for 9 shares and services worth $20,000 for 20 shares.

Which of the following is true given above?

A. These transfers are fully taxable and not subject to 351.

B. Ted's basis in his stock is $22,000.

C. Henry's basis in his stock is $24,500.

D. None of these.