On July 1, year 4, Balt Co. exchanged a truck for twenty-five
shares of Ace Corp.ís common stock. On that date, the truckís
carrying amount was $2,500, and its fair value was $3,000. Also,
the book value of Aceís 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?