Lee, an attorney, uses the cash receipts and disbursements method of reporting. In $20$X$6,$ a client gave Lee $500$ shares of a listed

corporation's stock in full satisfaction of a $$10,000$ legal fee the client owed to Lee. This stock had a fair market value of $$8,000$ on the

date it was given to Lee. The client's basis for this stock was $$$600.$ Lee sold the stock for cash in January $20$x$6.$ How much should be

reported in connection with the receipt of the stock?

A$.$ $$10,000$

B$.$ $$8,000$

C$.$ $$6,000$

D$.$ $$0$