Lucy owns 150 shares of Apex Corp., a publicly traded company, which Lucy purchased on January 1, Year 1, for $15,000. On January 1, Year 3, Apex declared a 2- for-1 stock split when the fair market value (FMV) of the stock was $140 per share. Immediately following the split, the FMV of Apex stock was $65 per share. On February 1, Year 3, Lucy had her broker sell 120 shares of the Apex stock she received in the split when the FMV of the stock was $70 per share. What amount should Lucy recognize as long-term capital gain income on her Form 1040, U.S. Individual Income Tax Return, for Year 3?