Nikeya Sells Land (Adjusted Basis of $120,000) to Her Adult

Nikeya sells land (adjusted basis of $120,000) to her adult son, Shamed, for its appraised value of $95,000. Which of the following statements is correct?

A) Nikeya's recognized loss is $25,000 ($95,000 amount realized - $120,000 adjusted basis) .
B) Shamed's adjusted basis for the land is $120,000 ($95,000 cost + $25,000 disallowed loss for Nikeya) .
C) If Shamed subsequently sells the land for $112,000, he has no recognized gain or loss.
D) Only a. and b. are correct.
E) a., b., and c. are correct.