Five years ago, Frederick purchased 1,000 shares of Ickingham Industries, Inc. for $10 per share. He signed an agreement with the company which allowed the company to use his dividend payments to purchase additional shares for him. Over the last 5 years, Frederick received a total of $1,200 in dividend payments, which purchased an additional 100 shares of stock. If Frederick sells all of his shares for $24,000, what is his taxable gain?

		$0.
		$12,800.
		$14,000.
		$24,000.