Spone Corporation purchased 40 percent of the voting common stock of Hall Corporation on January 1, 20X8, for \(\$ 133,400\). Hall Corporation reported net income of \(\$ 55,000\) for \(20 \mathrm{X} 8\) and paid dividends of \(\$ 25,000\) on December 30. 20X8. At the date of acquisition, Hall reported assets of \(\$ 345,000\) and liabilities of \(\$ 105,000\). A total of \(\$ 24,000\) of the purchase differential was assigned to buildings with a remaining economic life of 10 years at January 1, 20X8. In addition, \(\$ 8.000\) of the purchase differential was assigned to equipment with a remaining economic life of five years at January 1, 20X8. The amount of the differential assigned to goodwill is not amortized.

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Compute the amount of investment income to be reported by Spone for 20X8.