On July 1, X6, Influence Ltd. paid $100,000 to acquire 1,000 common voting shares of Associs Ltd., representing a 30% interest. Associ Lte declares dividends of $1 per share on December 1, X6. The JV of Associate's shares as of December 31, X6, is $115. The profit generated by Associate during the last 6 months of X6 amounts to $240,000. Determine the gain or loss on the disposition of the shares by assuming that Influence Lte sells 500 shares of Associ Lte on December 31, X6 for an amount of $200 per share.

Question 4 options:

$14,000

$50,000

none of the above

$14,500

$42,500