Gina receives a $2,900 distribution from her educational savings account. She uses $1,500 to pay for qualified higher education expenses and $1,400 on a vacation. Immediately prior to the distribution, Gina's account balance is $5,000, $3,000 of which is her contributions. What is Gina's taxable income (after any exclusion) from the distribution?

a. $1,400

b. $560

c. $840

d. $0

e. Some other amount

Please show your calculations and explain how you arrived at your answer. Thank you.