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Marvin sold his sister Sue some stock for $20,000 purchased 2 years ago for $25,000. Nine months later, Sue sold the stock for $27,000. How

Marvin sold his sister Sue some stock for $20,000 purchased 2 years ago for $25,000. Nine months later, Sue sold the stock for $27,000. How much gain does Sue recognize on the sale?

Question options:

1)

$7,000

2)

$3,000

3)

$2,000

4)

$0

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