Gokceada Co. issued 100,000 shares of common stock in the current year. On October 1, Gokceada repurchased 20,000 shares of its common stock on the open market for $50.00 per share. At that date, the stock's par value was $1.00 and the average issue price was $40.00 per share. Gokceada uses the cost method for treasury stock transactions. On December 1, Gokceada reissued the stock for $60.00 per share. What amount should Gokceada report as gain from treasury stock at December 31