Ryan, age fifty-seven, is single with no dependents. In January 2013, Ryan’s principal residence was sold for the net amount of $400,000 after all selling expenses. Ryan bought the house in 2000 and occupied it until sold. On the date of sale, the house had a basis of $180,000. Ryan does not intend to buy another residence. What is the maximum exclusion of gain on sale of the residence that may be claimed in Ryan’s 2013 income tax return?