Assume an investee has the following financial statement information for the three years ending December $31,2022$:

$($At December $31)202220212020$

Current assets $$182,400$ $$177,600$ $$132,480$

Tangible fixed assets $424,000368,000360,320$

Intangible assets $25,60028,80032,000$

Total assets $$632,000$ $$574,400$ $$524,800$

Current liabilities $$76,800$ $$70,400$ $$64,000$

Noncurrent liabilities $170,400155,200140,800$

Common stock $64,00064,00064,000$

Additional paid$-$in capital $64,00064,00064,000$

Retained earnings $256,000220,800192,000$

Stockholders' equity $384,000348,800320,000$

Total liabilities and equity $$631,200$ $$574,400$ $$524,800$

$($For the years ended December $31)202220212020$

Revenues $$620,800$ $$588,800$ $$544,000$

Expenses $560,000537,600496,000$

Net income $$60,800$ $$51,200$ $$48,000$

Dividends $$25,600$ $$22,400$ $$16,000$

MC$18$: Review of pre$-$consolidation equity method $($controlling investment in affiliate, fair value equals book value$)$

Assume on January $1,2020,$ an investor company purchased $100\%$ of the outstanding voting common stock of the investee. On the date of the acquisition, the investee$$s identifiable net assets had fair values that approximated their historical book values. In addition, the acquisition resulted in no goodwill or bargain purchase gain recognized in the consolidated financial statements of the investor company. Assuming that the investor company uses the equity method to account for its investment in the investee, what is the balance in the $$investment in investee$$ account in the investor company$$s pre$-$consolidation balance sheet on December $31,2022?$