6. Lucas started a software business in March 2018 when he formed a C-Corporation called Police Technologies, Inc. by contributing $200,000 in cash for 100% of the outstanding shares of the corporation. At the time of the stock issuance the corporation met all the requirements to be deemed a qualified small business corporation. The business was very successful and in September 2024 Lucas was approached by Virgil Industries, Inc. who wanted to purchase all of Lucas' shares in Police Technologies for a cash payment of $20,000,000. Lucas agreed to the acquisition. What will be the recognized gain for Lucas to be reported in his 2024 tax return?
a. $9,800,000
b. $17,800,000
c. $19,800,000
d. None of the gain will be taxable