Case IV: Franklin Corporation owns 15% of the voting stock of Grantham Company and has been reporting it as an equity investment with no significant influence. At the beginning of the current year, the investment has a fair value of $50,000,000 Franklin originally purchased its 15% interest for $35,000,000. Franklin purchases an additional 10% interest in Grantham's voting stock for $40,000,000 and determines that the equity method is now appropriate. Any basis difference is attributed to goodwill. Grantham reports net income of $3,000,000 for the current year, and declares and pays $500,000 in dividends. The year-end fair value of Franklin's 25% interest is $100,000,000 Required: At what amount does Franklin report the investment on its year-end balance sheet