During 2016,Jimmy Incorporates His Data Processing Business

During 2016,Jimmy incorporates his data processing business.Jimmy is the sole shareholder.The following assets are transferred to the corporation:
Cash $2,000
Computer Equipment:
Fair market value 20,000
Adjusted basis 12,000
Original cost 24,000
Furniture:
Fair market value 20,000
Adjusted basis 32,000
Original cost 64,000
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How much gain (loss) will Jimmy recognize from the transfer of the assets to the corporation?

A) $-0-
B) $(4,000)
C) $8,000
D) $20,000
E) $(12,000)