Gomer Is Admitted to the Mouton Partnership on July 1,2017

Gomer is admitted to the Mouton Partnership on July 1,2017.Gomer contributes ABC common stock purchased in 1991 for $20,000 with a fair market value of $100,000 on July 1,2017,for a 25% interest in the partnership.After Gomer's admission to the partnership,Mouton's net asset fair market value is $400,000.What is Gomer's taxable gain or income due to the exchange of ABC stock for the Mouton Partnership interest?

A) $- 0 -
B) $80,000 long-term capital gain.
C) $80,000 ordinary income.
D) $80,000 short-term capital loss.
E) $100,000 ordinary income.