Minsk Corporation's shareholders' equity section at December 31, 2019 was:

	Common shares, $5 par value, authorized 1,200,000 shares;
	issued 900,000 shares; outstanding 800,000 shares;		$4,500,000
	Contributed surplus		3,250,000
	Retained earnings		5,240,000
			12,990,000
	Less treasury shares, at cost, 100,000 shares		800,000
	Total shareholders' equity		$12,190,000

During 2020, Minsk sold 30,000 treasury shares at $10 per share. No other similar transactions occurred during 2020.

What amount should be reported for this transaction on the 2020 income statement?

$60,000 comprehensive income

$60,000 gain from sale

$20,000 gain from sale and $40,000 contributed surplus

$0