Answer:
$15,000 gain
Explanation:
Assets with a value of $225,000
Remaining asset (cash) to Ula ($25,000)
Purple liabilities ($60,000)
Balance $140,000
Balance Brought forward $140,000
Remaining asset (cash) to Ula $25,000
Ula purchased stock ($150,000)
Balance $15,000 gain
Or
$225,000-$25,000-$60,000=$140,000+$25,000-$150,000=$15,000 gain
Therefore we have $15,000 gain.
