This year Jordan joined the board of directors. Besides his director's fees, Jordan received the following employee benefits: Salary Contributions to qualified pension plan Qualified health insurance premiums Stock bonus Annual director's fee $204,000 25,000 8,000 20,000 15,000 1,800 Group-term life nsurance premiums (ace $40,00) The stock bonus consisted of 5,000 shares of Bell stock given to Jordan as compensation. At the time of the transfer the stock was listed at $4 per share. What amounts, if any, should Jordan include in gross income this year