On January 1, 2019, MacElvey Products paid $20,000 (face value) for a 5-year bond with a stated interest rate of 5%. The bonds had a fair value of $16,000 on December 31, 2018 and a fair value of $22,000 on December 31, 2020. MacElvey sold the bond on December 31, 2020, for fair value. The bond was classified as an avalable for sale security What was the gain on sale recognized in income by MacElvey in the year ended December 31, 20201 Select one a. $8.000 b. $3,000 c. $2,000 0 d. $4,000 $6,000