ABC owns 100,000 shares or 30% of DEF and is deemed to have significant influence. DEF is a public company.

o ABC purchased its shares for $20 per share on 1/1/23

o At 12/31/23, the share price of DEF had increased to $32

o DEF reported net income of $6 million in 2023 and paid no dividends

The income statement impact of this investment (dollar amount) in ABC's financial statements in 2023 should be:

The investment balance at 12/31/23 on the financial statements of ABC should be