On February 1 of the current year, Duffy learned that he was bequeathed 1,000 shares of common stock under his father's will. Duffy's father had paid \\( \\$ 12,500 \\) for the stock 20 years ago. Fair market value of the stock on February 1 of the current year, the date of his father's death, was \\( \\$ 14,000 \\) and had increased to \\( \\$ 15,500 \\) six months later. The executor of the estate elected the alternative valuation date for estate tax purposes. Duffy sold the stock for \\( \\$ 14,500 \\) on June 1 of the current year, the date that the executor distributed the stock to him. How much income should Duffy include in his current-year individual income tax return for the inheritance of the 1,000 shares of stock which he received from his father's estate? a. \\( \\$ 5,500 \\) b. \\( \\$ 4,000 \\) c. \\( \\$ 2,500 \\) d. 50