Niffy Corporation, a domestic C corporation, issued 100 shares of Code Sec. 1202 stock on November 1, 2013, to Jennifer. This was the first time it issued such stock. Jennifer sold the shares on November 15, 2018. She had a \(\$ 20,000\) recognized gain on the sale. How much of the gain can Jennifer exclude, assuming Niffy Corporation always has been actively engaged in a trade or business and always has qualified as a small business corporation?