Gilliam Company purchased (35 %) of the outstanding stock of Forrester Company on January 1, 2008. Forrester

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Gilliam Company purchased $35 \%$ of the outstanding stock of Forrester Company on January 1, 2008. Forrester reported net income of $\$ 675,000$ and declared dividends of $\$ 155,000$ during 2008. How much would Gilliam adjust its investment in Forrester Company under the equity method?

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