On January 30, Juan recieves a nontaxable distribution of stock rights from platinum Corporation. Each entirles the holder to purchase one share of stock $60. One right is issued for every share of stock owned. Juan owns 1000 shares of stock purchased two years ago for $10000. At the date of distribution, the rights are worth $5000 (1000 rights at $5 per right) and Juan's stock in Platinum is worth $5000 (or $50 per share) On december 1, Juan sells all 100 stock rights for $12 per right. How much gain does Juan recognize on the sales