Rae owns 100 shares of Gallon Corporation that was purchased for $2,000 several years ago. In a merger of Gallon Corporation into Sam Corporation, Rae exchanges the 100 Gallon Corporation shares for 800 shares of Sam Corporation and $840. Gallon Corporation stock is valued at $38 per share and Sam Corporation stock is valued at $3.70 per share. What should be the amount of Raes recognized gain or loss from the reorganization? Assume the transaction qualifies under Code Section 368.