16. In 2008, Martha received as a gift several shares of Good Corporation stock. The donor’s basis of this stock was $2,800, and he paid gift tax of $50. On the date of the gift, the fair market value of the stock was $2,600. If Martha sells this stock in 2010 for $2,700, what amount and type of gain or loss should Martha report in her 2010 income tax return?

a. $50 long-term capital gain.

b. $100 long-term capital gain.

c. $100 long-term capital loss.

d. No gain or loss.