$1)$ In $2023,$ Lucia gave a relative, Matias, $425$ shares of School Products Incorporated common stock. Lucia paid $$9,350$ for the stock in $2017.$ At the date of the gift, the FMV of the stock was $$6,800.$ Assuming that there is no gift tax paid, if the stock sells for $$6,000,$ Matias will recognize:

A$)$ no gain or loss.

B$)$ $$800$ loss.

C$)$ $$3,350$ loss.

D$)$ $$3,450$ loss.