Jerry and Sally Were Divorced Under an Agreement Executed July

Jerry and Sally were divorced under an agreement executed July 1,2013.The terms of the agreement provide that Jerry will transfer to Sally his interest in a rental house worth $250,000 with a tax basis to Jerry of $80,000.What is the amount of the gain that must be recognized by Jerry on the transfer of the property and what is Sally's tax basis in the property after the transfer,respectively?

A) $170,000 and $250,000
B) $0 and $250,000
C) $170,000 and $170,000
D) $0 and $80,000
E) None of the above