This year Bill purchased 1,000 shares of Cain common stock for $12 per share. At year-end the Cain shares were worth $32 per share. What amount must Bill include in income this year?

A) $12,000

B) $20,000

C) $32,000

D) Bill can deduct $12,000 because his cost is a return of capital.

E) None of the above - Bill has not realized any gain.