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