Charlie was hired by Ajax this year as a corporate executive and a member of the board of directors. During the current year, Charlie received the following payments or benefits paid on his behalf.

Salary payments $ 130,500 Contributions to qualified pension plan 15,900 Qualified health insurance premiums 12,650 Year-end bonus 22,100 Annual director's fee 11,100 Group-term life insurance premiums (face = $40,000) 780 Whole life insurance premiums (face = $100,000) 1,920 Disability insurance premiums (no special elections) 4,880

d. Assume that in lieu of a year-endbonus Ajax transferred 1,370 shares of Bell stock to Charlie ascompensation.Further assume that thestock was listed at $25 per share and Charlie would sell the shares byyear-end, at which time he expected the price to be $34 per share. What would be the value ofcompensation and gain on sale which would be included in Charlie's gross income?

Gain on sale