The following selected account balances were taken from BuckeyeCompany's general ledger at Jan. 1st, 2005 and Dec. 31st 2005:
Jan. 1st,2005 Dec. 31st, 2005
Accounts receivable: 51,000 70,000
Inventory: 39,000 28,000
Accountspayable 45,000 51,000
Salariespayable 7,000 3,000
Investments 46,000 59,000
Commonstock 110,000 130,000
Retainedearnings 25,000 41,000
The following selected information was taken from Buckeye Company's2005 statement of cash flows:
Cash collected from customers: 385,000
Cash paid to purchase inventory: 199,000
Cash paid to employees: 85,000
Cash paid to purchase investments: 40,000
Cash received from sale of investments: 35,000
Cash paid for dividends: 30,000
Calculate the amount of the gain on sale of investments reported in Buckeye Company's 2005 incomestatement.