On September 30,2011,Amber Was Admitted to Partnership in the Firm

On September 30,2011,Amber was admitted to partnership in the firm of Waves and Grain.Her contribution to capital consisted of 1,000 shares of stock in Biotech Corporation,which she bought in 2002 for $15,000 and which had a fair market value of $45,000 on September 30,2011.Amber's interest in the partnership's capital and profits is 40 percent.On September 30,2011,the fair market value of the partnership's net assets (after Amber was admitted) was $112,500,and profit for the 3 months ended December 31,2011 was $6,000.What is Amber's taxable gain in 2011 on the exchange of stock for her partnership interest?

A) $12,000
B) $30,000 ordinary income
C) $30,000 long-term capital gain
D) $2,400
E) $0 gain or loss