On February 19, 2012, Woodbridge Corporation Granted Harvey an Option

On February 19, 2012, Woodbridge Corporation granted Harvey an option to acquire 200 shares of the company's stock for $10 per share. The fair market price of the stock on the date of grant was $16. The stock requires that Harvey remain with the company for one year after the date of exercise. The option did not have a readily ascertainable fair market value. Harvey exercises the option on September 23, 2013, when the fair market value of the stock is $19. He makes a Section 83b) election at the exercise date. On September 23, 2014, the fair market value of the stock is $25 per share. How much must he report as income in 2014?

A) $-0-
B) $1,200
C) $1,800
D) $2,000
E) $3,000