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At the end of 2017, Shiva purchased 1,000, $1,000,8% bonds. The carrying value of the bonds at December 31, 2017 was $984,800. The bonds mature

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At the end of 2017, Shiva purchased 1,000, $1,000,8% bonds. The carrying value of the bonds at December 31, 2017 was $984,800. The bonds mature on March 1, 2021 and pay interest on March 1 and September 1. Shiva sells 500 bonds on September 1, 2018, for $495,000, after the interest has been received. Shiva uses straight-line amortization. What is the gain on the sale? [6 points]

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