An individual client asks a CPA to determine whether the client is solvent for federal tax purposes. The client has assets consisting of cash and marketable securities with a basis of $250,000 and a fair market value of $155,000. The client has liabilities of $175,000, which include $130,000 of nondischargeable liabilities under the Bankruptcy Code. Which of the following statements is correct?A) The client is insolvent since the client's liabilities exceed the fair market value of the client's assets by $20,000B) The CPA is unable to determine whether the client is solvent or insolvent because the CPA is not an accredited appraiserC) The client is solvent because the fair market value of the client's assets exceeds the client's nondischargeable debt by $25,000D) The client is solvent because the basis of the client's assets totals $250,000 and exceeds the client's liabilities by $75,000