ABC company purchased 2,000 shares in SLD company for $24,000. IMG paid brokerage fees of 2% on the purchase. Subsequently, ABC sold all the shares in the open market for $15 per share and incurred the following expenses: Brokerage Fees: 2% Stamp Duty: 1% Other expenses: $100 Required: Determine the Gain or Loss on sale of investments to be recorded by ABC Company

Required: Determine the Gain or Loss on sale of investments to be recorded by ABC Company