On 31 July 20X3 Pilon sold its entire 80% shareholding in Strike for 260,000, at which date the

net assets of Strike were 200,000.

Pilon had acquired the shares some years previously when Strikes net assets were 140,000,

recognising goodwill of 20,000 at acquisition.

Pilon measures the non-controlling interest using the fair value method, and at acquisition the noncontrolling

interest in Strike was 24,000.

Goodwill had not been impaired by the date of disposal.

Required:-

How much gain will be recognised in Pilons consolidated statement of profit or loss in respect of

the disposal of its shareholding in Strike?