Janelle owned machinery which she had acquired in 2013 at a cost of $100,000. During 2014, the machinery was destroyed by fire. At that time it had an adjusted basis of $86,000. The insurance proceeds awarded to Janelle amounted to $125,000, and she immediately acquired a similar machine for $110,000.

What should Janelle report as ordinary income resulting from the involuntary conversion for 2014?