The Tornado Truck Body Company decides to repurchase 10,000 shares of its common stock on January 20. The stock has $1 par value, and the market value per share of common stock on January 20 is $8.75....

The Tornado Truck Body Company decides to repurchase 10,000 shares of its common stock on January 20.  The stock has $1 par value, and the market value per share of common stock on January 20 is $8.75.  The company decides to sell 5,000 of the treasury stock shares on April 30 for $9.00 per share.  What is the amount of the gain recognized as a result of the transaction?