11. Jimmy, a single person, sold his home this year. He had owned and lived in the house for 12 years. Jimmy signed a contract on April 10 to sell his home and closed the sale on May 16.

Sales price	$256,000
Selling expenses paid by Frank	17,500
Replaced a broken window on May 2	150
Basis of old home before repairs and improvements	165,000

Based on these facts, what is the amount of his recognized gain?