On August 2, 2015, Henry Hughes paid $30,000 for 500 shares of Young Corp common stock. On July 28, 2016, he received a nontaxable 20 percent common stock dividend. On December 23, 2016, he sold the 100 shares received in July for $4,400. What is the basis of the 100 shares sold? What is the gain or loss on the sale? Is it short-term or long-term?