An individual sold two lots of land, each with a FMV of $30,000 and an ACB of $25,000. Lot#1 was sold to a related corporation for $40,000 and Lot#2 to the spouse for $15,000. No tax election was filed for either sale. What amount(s) would be included in the individuals net income?

a) $0

b) $2,500

c) $5,000

d) $7,500