Jack transferred a building that had an adjusted basis of $75,000 and a fair market value of $130,000 to R Corp. in exchange for 80% of R's only class of stock and a car with an adjusted basis to R of $25,000. The FMV of the stock at the time of the transfer was $100,000 and the car's FMV was $30,000. How much gain must R recognize on the exchange?
A. $30,000
B. $5,000
C. $100,000
D. $105,000
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