____ 33. Suart owns 400 shares of Turq Corporation stock and 2,000 shares of Bue Corporation stock. During the year, Stuart received 200 shares of Turq as a result of a 1 for 2 stock split. The value of the shares received was $4,800. Suart also received 200 shares of Bue Corporation stock as a result of a 10% stock dividend. Suart did not have the option of receiving cash from Bue. The additional shares he received had a value of $7,200. Suarts gross income from the receipt of the additional Turq and Bue shares is:

a.	$0.
b.	$4,800.
c.	$7,200.
d.	$12,000.
e.	None of the above.

Instructions: Please show all work, provide 2-3 sentence brief explanation and choose the best multiple choice answer. All sources must be noted.