On July 1, year 4, Balt Co. exchanged a truck for twenty-five shares of Ace Corp.’s common stock. On that date, the truck’s carrying amount was $2,500, and its fair value was $3,000. Also, the book value of Ace’s stock was $60 per share. On December 31, year 4, Ace had 250 shares of common stock outstanding and its book value per share was $50. What amount should Balt report in its December 31, year 4 balance sheet as investment in Ace?