Cosom purchased 40% stock of Ladder Inc, for $50,000. The purchase occurred on January 1. Cosom has significant influence over Ladder Inc. Ladder Inc's balance sheet showed equity of $125,000 on January 1. Ladder Inc, had net income of $80,000 and declared total dividends of $22,000 at the end of the year. Ladder''s common stock had a fair value of $210,000 at the end of the year. What does Cosom report in the investment account on its balance sheet on December 31?