Kevin is the financial manager of Levingston BMW. The shop allows employees to purchase up to two vehicles per year at a discount. Levingston's average gross profit percentage is 15 percent. This year Kevin purchased a 530 model and a new M3. What amount must Kevin include in income? (Do not use dollar sign or other punctuation.)

Model FMV Dealer cost Employee Price

530 $64,000 $51,000 $54,500

M3 $71,700 $61,000 $58,000