Belden, Inc., acquires 30 percent of the outstanding voting shares of Sheffield, Inc., on January 1, 2020, for $324,000, which gives Belden the ability to significantly influence Sheffield. Sheffield has a net book value of $792,000 at January 1, 2020. Sheffields asset and liability accounts showed carrying amounts considered equal to fair values, except for a copyright whose value accounted for Beldens excess cost over book value in its 30 percent purchase. The copyright had a remaining life of 16 years at January 1, 2020. No goodwill resulted from Beldens share purchase. Sheffield reported net income of $174,000 in 2020 and $240,000 of net income during 2021. Dividends of $80,000 and $86,000 are declared and paid