Ed's adjusted gross estate is $8,000,000. Included in the estate are 1000 shares of XYZ Company stock valued at $3,000,000 (Ed's basis in the stock was $800,000). The estate had $1,000,000 in administrative and other expenses and death taxes. XYZ Company, which has very large E&P, distributes $960,000 in redemption of 300 shares of XYZ Company stock from Ed's estate. What is the estate's income from the redemption? O $960,000 dividend income O $60,000 long-term capital gain O $540,000 long-term capital gain $540,000 dividend income