Stuart owns 2,000 shares of Blue Corporation stock. During the year, Stuart received 100 shares of Blue Corporation stock as a result of a 5% stock dividend. Stuart did not have the option of receiving cash from Blue. The additional shares he received had a value of $7,200. Stuarts gross income from the receipt of the additional Blue shares is:

a. $0 b. $7,200 c. $12,000 d. $4,800