Rena purchased 300 shares of an equity mutual fund. During the year she received $3 per share in dividenddistributions, $2 in capital gaindistributions, and capital gains of $1,300 when she sold the stock after owning it eight months. What are the tax consequences ofRena's ownership of this equityfund? Rena is in a 26% marginal tax bracket.

The federal tax consequences ofRena's ownership of this stock fund are $---------------------

.