On January 1, 2014, Fishbone Corporation sold a building that cost $272,700 and that had accumulated depreciation of $107,900 on the date of sale. Fishbone received as consideration a $262,400 non-interest-bearing note due on January 1, 2017. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2014, was 8%. At what amount should the gain from the sale of the building be reported?

What is the amount of gain that should be reported?