Nuck Inc. sells silo storage containers to farmers. The stand-alone selling price of the silo is $120,000 and does not include any warranty. A farmer may choose to purchase a 2-year warranty for a normal selling price of $5,000. For the current month, Nuck is offering a promotion which involves selling a "package" which includes a silo plus free 2-year warranty for $118,000. Nuck's cost for one silo is $94,000. Using the relative fair value method, how much gross profit should be recognized by Nuck at the date of sale of one "package"? {Insert your answer in the box below. Your answer should only involve digitsumbers. Do not use a dollar sign ($) or a comma ( in your answer (the system will give you an error message). For EPS calculations, use 2 decimal places.}