In 2009,Harold Purchased a Classic Car That He Planned to Restore

In 2009,Harold purchased a classic car that he planned to restore for $12,000.However,Harold is too busy to work on the car and he gives it to his daughter Julia in 2013.At this time,the fair market value of the car has declined to $10,000.Harold paid no gift tax on the transaction.Julia completes some of the restoration herself with out-of-pocket costs of $5,000.She later sells the car for $30,000.What is Julia's recognized gain or loss on the sale of the car?

A) $0.
B) $13,000.
C) $15,000.
D) $18,000.
E) None of the above.