Jones, a CPA, provided accounting services to a client, Thomas. On December 15 of the same year, Thomas gave Jones 100 shares of Franklin Corp. as compensation for services. The adjusted basis of the stock was $4,000, and its fair market value at the time of transfer was $5,000. Two months later, Jones sold the stock on February 15 for $7,500. What is the amount that Jones should recognize as gain on the sale of stock?