Jan exchanges stock that she owns in Rocky Corporation with a value of $21,500 for stock in Lucy Corporation. The stock that she received from Lucy had a value of $20,000 when received. In addition, she receives land with a fair market value of $1,500 and adjusted basis of $900 from Lucy Corporation. This exchange is pursuant to a qualified "A" tax-free reorganization. Jan had bought her stock in Rocky five years ago for $8,000. How much gain or loss does Jan recognize on this transaction.