The state of Nevada builds a highway on the edge of Sybil"s property and condemns one-half of her property (adjusted basis of $25,000). Sybil receives a $5,000 severance award and a $35,000 condemnation award and invests the money in securities. She continues to live on the remaining real estate (adjusted basis of $50,000). What are the taxpayer"s recognized gain and basis in the real estate?
A. $0; $50,000.
B. $5,000; $60,000.
C. $10,000; $45,000.
D. $15,000; $50,000.
E. None of the above.