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On January 1, 2024, Cat Company purchased the following investments: 1) 20,000 shares (representing 35%...

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Accounting

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On January 1, 2024, Cat Company purchased the following investments: 1) 20,000 shares (representing 35% ) of AA company stock for $23 per share. 2) 8,000 shares (representing 14\%) of ZZ Company stock for $15 per share. Cat Company recorded the sale of some of its investments during 2025 as follows: 1) On December 31,2025 , Cat Company sold 6,000 shares of the AA Company stock for $30 per share. 2) On September 1,2025 , Cat Company sold 3,080 shares of the ZZ Company stock for $12 per share. During 2024 and 2025, AA Company and ZZ Company reported the following information: Calculate the realized gain or loss reported in Cat Company's 2025 income statement from the sale of the ZZ Compapy stock. If it is a loss, put a minus sign in front of your answer (i.e., -5,000). If it is a gain, do not place a minus sign in front of your answer (i.e., 5,00 )

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