On July 1,2011,Gordon Formed Johns Corporation

On July 1,2011,Gordon formed Johns Corporation.On that same date,Gordon paid $150,000 cash and transferred property with an adjusted basis of $150,000 to Johns Corporation in exchange for 3,000 shares of the corporation's common stock.The property transferred had a fair market value of $185,000 on the date of the transfer.Johns Corporation had no other shares of common stock outstanding on July 1,2011.As a result of this transaction,Gordon's basis in the stock and Johns Corporation's basis in the property (other than the cash) ,respectively,are:

A) $185,000 and $150,000
B) $300,000 and $185,000
C) $150,000 and $150,000
D) $300,000 and $150,000
E) None of the above.