XYZ, an equal three person partnership, has cash of $12,000 and securities of $15,000 FMV with an adjusted basis of $3000 to the partnership. Assume that Z sells her interest to W for $9000. If the new partnership subsequently sells the securities at their FMV of $15000, what must partner W include in taxable income if a Section 754 election is in effect? A. 0 B. $4000 C $6000 or D. $12000