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Aylmer Inc uses the cost model to record its investment in shares. On July 1, Y3 the company purchased 1,000 shares of Belmont Inc for

Aylmer Inc uses the cost model to record its investment in shares. On July 1, Y3 the company purchased 1,000 shares of Belmont Inc for $3.50 per share. On March 1, Y4, the company sold all the shares for $4.20 per share. How much is the gain on the disposal of investments? Please record your answer as a dollar amount. Ex: $1,000.

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