Eloise owns 100 shares of Ajax Corp., a publicly traded company, which Eloise purchased on January 1, Year 1, for $10,000. On January 1, Year 3, Ajax declared a 2-for-1 stock split when the fair market value (FMV) of the stock was $120 per share. Immediately following the split, the FMV of Ajax stock was $62 per share. On February 1, Year 3, Eloise had her broker specifically sell the 100 shares of Ajax stock received in the split when the FMV of the stock was $65 per share. What amount should Eloise recognize as long-term capital gain income on her Form 1040, U.S. Individual Income Tax Return, for Year 3?