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Kwame Corporation purchased 2,000 shares of Gretchen Inc. common stock ($50 par) at $73 per share as a short-term investment. The shares were subsequently sold

Kwame Corporation purchased 2,000 shares of Gretchen Inc. common stock ($50 par) at $73 per share as a short-term investment. The shares were subsequently sold at $77 per share. Calculate the amount of the gain or loss on the sale

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