14. Carnation Ltd purchased a 25% shareholding in Bloom Ltd on 1 January 2018 for $90 000. Bloom Ltds assets were recorded at fair values and its owners equity, totalling $350 000, was represented as follows: Share capital $100 000 General reserve $60 000 Asset revaluation surplus $50 000 Retained profits $140 000 During July 2018, Bloom Ltd paid an interim dividend of $15 000. At 31 December 2018, Bloom Ltd reported: Profit after tax for 2018 $64 000 Final dividend payable $30 000 A transfer to the general reserve $20 000 Increase of the asset revaluation surplus to $80 000 The equity carrying amount of the investment in Bloom Ltd at 31 December 2018 is: