Ten months ago, Jim's Aunt Beatrice gave Jim 1,000 shares of CVS stock. At the time of the gift, the fair market value was $30,000.

Ten months ago, Jim's Aunt Beatrice gave Jim 1,000 shares of CVS stock. At the time of the gift, the fair market value was $30,000. Beatrice had bought the stock seven years ago for a total cost of $38,000. There were no gift taxes paid on the gift at the time of the transfer. If Jim sells the CVS stock today for net proceeds of $28,000, his basis is _________ and the holding period is _________.