Kevin Klein owns 900 shares of Palmer Corp. stock which he purchased three years. ago for $65 each. He receives one nontaxable right for each share of stock owned. The rights entitle Kevin to receive one share of stock for every three rights plus the payment of $50 per share. On the date of distribution, the market value of the stock was $75 and the market value of the rights was $12. If Kevin exercises 600 of the rights and sells the remaining rights for $3,000, what is his basis in the old stock, the rights, the newly purchased stock, and what is his gain or loss on the sale?