Vet, Inc. provides an award to its employees who have achieved consecutive years of service of 5, 10, 15, 20, and 25 years through a qualified plan. All awards are given at the company picnic in July. Barney has worked as a receptionist for Vet for 15 years and received a new clock which has a fair market value of $2,100. How much income must Barney report for the receipt of the clock?

a. $2,100

b. $1,600

c. $500

d. $0