The following selected account balances were taken from ABC Company's general ledger at January 1, 2011 and December 31, 2011:
January 1, 2011 December 31, 2011
Accounts receivable 52,000 36,000
Cash 23,000 47,000
Inventory 31,000 18,000
Accounts payable 11,000 37,000
Equipment 123,000 144,000
Salaries payable 2,000 4,000
Investments 42,000 ?
Land 91,000 40,000
Mortgage payable 111,000 60,000
Common stock 110,000 125,000
Retained earnings 32,000 37,000
Additional information for 2011 appears below:
1. ABC Company reported net cash inflows from operating activities of $60,000 and net cash outflows from financing activities of $87,000
2. ABC Company sold land costing $60,000 and recorded an $8,000 loss on the sale
3. ABC Company purchased equipment for $21,000 cash
4. ABC Company purchased investments for $60,000 cash and sold investments and reported a $25,000 gain on the sale
Calculate the balance in the investments account at December 31, 2011. Do not use decimals in your answer.