Brindle Company purchased 25 percent of the voting common stock of Monroe Company for \(\$ 162,000\) on January 1,20X4. At that date, Monroe reported assets of \(\$ 690,000\) and liabilities of \(\$ 230,000\). The book values and fair values of Monroe were equal except for land which had a fair value \(\$ 30,000\) greater than book value and equipment which had a fair value \(\$ 80,000\) greater than book value. The remaining economic life of all depreciable assets at January 1, 20X4, was five years. The amount of the differential assigned to goodwill is not amortized. Monroe reported net income of \(\$ 68,000\) and paid dividends of \(\$ 34,000\) in \(20 \times 4\).

\section*{Required}

Compute the amount of investment income to be reported by Brindle for 20X4.