Parent Company owns 100% of ABC Company's 100,000 shares. ABC issues 25,000 new shares to the public for $7 cash per share and Parent Co. acquires none of the shares. The book value of ABC's net assets before the stock issuance was 326,000. AAP associated with ABC's net assets, updated for AAP amortization to the date of the stock issuance, was 265,000 prior to the stock issuance.

What is the amount of the gain or loss recorded in Parent's consolidated statements as a result of ABC's stock issuance? (Note: for losses enter a negative sign before the number to indicate it is a loss.)