Baldwin Corporation purchased 25 percent of the common stock of Gwin Company on January 1. 20X8, at underlying book value. In 20X8 Gwin reported a net loss of \(\$ 20,000\) and paid dividends of \(\$ 10,000\), and in \(20 \times 9\) reported net income of \(\$ 68,000\) and paid dividends of \(\$ 16,000\). Gwin also purchased marketable securities classified as available-for-sale on February 8, 20X9, and reported an increase of \(\$ 12,000\) in the fair value at December 31, 20X9. Baldwin Corporation reported a balance of \(\$ 67,000\) in its investment in Gwin Company at December 31, 20X9.

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Compute the amount paid by Baldwin Corporation to purchase the shares of Gwin Company.