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A company purchased 6 % , 7 - year bonds on January 1 , 2 0 2 4 , at face amount for $ 1

A company purchased 6%,7-year bonds on January 1,2024, at face amount for $100,000. As of December 31,2024, the fair value of the bonds has decreased to $95,000. In early 2025, the company sells the investment for $104,000. Assuming the investment is classified as trading securities, what is the gain or loss on the sale to be reported in the income statement in 2025?

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