Stockley, a candidate for an undergraduate college degree, received a $20,000 scholarship from the university in Year 2. Stockley had the following expenses relating to his attendance in Year 2: Tuition and fees $12,000 Room and board 6,000 Books and supplies 500 Spring break in Cancun 1,500 What amount of the scholarship should Stockley include as taxable income in Year 2? Group of answer choices $0 $1,500 $7,500 $20,000