The balance sheets for Chesser Company for the years ended December 31, Year 2 and Year 1, are as follows: Year 2 Year 1 Cash $106,000 $100,000 Accounts receivable 74,000 96,000 Inventories 217,000 200,000 Investments — 140,000 Equipment 1,146,400 900,000 Accumulated depreciation—equipment (284,000) (352,000) $1,259,400 $1,084,000 Accounts payable $125,000 $87,600 Bonds payable, due in Year 2 — 200,000 Common stock, $10 par 650,000 570,000 Paid-in capital in excess of par 160,000 110,000 Retained earnings 324,400 116,400 $1,259,400 $1,084,000 The income statement for the current year is as follows: Sales $1,251,400 Cost of merchandise sold 680,000 Gross profit $571,400 Operating expenses: Depreciation expense $52,000 Other operating expenses 136,000 198,000 Income from operations $383,400 Other income: Gain on sale of investment $8,000 Other expense: Interest expense 12,000 (4,000) Income before income tax $379,400 Income taxes 121,400 Net income $258,000 Additional information for Year 2 is as follows: (a) Fully depreciated equipment costing $120,000 was scrapped with no salvage value, and new equipment was purchased for $366,400. (b) Bonds payable for $200,000 were retired by payment of their face amount. (c) 5,000 shares of common stock were issued at $26 for cash. (d) Cash dividends of $50,000 were declared and paid. Using the indirect method for the statement of cash flows, the gain on sale on investments would appear: