F and G Formed a Corporation on March 1 This

F and G formed a corporation on March 1 this year.F transferred equipment worth $40,000 (basis $15,000) in exchange for 40 shares of stock, and performed services worth $10,000 in exchange for 10 shares of stock.In exchange for 50 shares of stock, G contributed land worth $70,000 (basis $9,000) subject to a mortgage of $20,000, which the corporation assumed.What is G's basis in his stock after the exchange?

A) $0
B) $9,000
C) $20,000
D) $11,000
E) None of the above