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 Contributions to qualified pension plan Qualified health insurance premiums Year-end bonus. Annual director's fee Group-term life insurance premiums (face value $40,000) Whole life insurance premiums (face value $100,000) Disability insurance premiums (no election to treat as nontaxable benefit) $ 109,500 17,300 9,200 21,700 19,400 1,110 1,910 4,570 Assume that in lieu of a year-end bonus Ajax transferred 1,050 shares of Bell stock to Charlie as compensation. Further assume that the stock was listed at $42 per share and Charlie would sell the shares by year-end, at which time he expected the price to be $52 per share. What would be the value of compensation and gain on sale which would be included in Charlie's gross income?