ABC Company acquired 35% of Davis Company's common stock for $400,000 on January 1, 2022. During 2022, Davis Company reported a net income of $56,000 and paid dividends to its stockholders totaling $20,000. For 2023, Davis Company earned a net income of $91,000 and paid dividends totaling $31,000. On December 31, 2023, ABC Company sold 10% of its investment in Davis Company for $76,000 cash. Calculate the amount of the gain reported by ABC Company as a result of its sale of the Davis Company stock. Do not enter your answer with a minus sign in front of the number.