cultural?

Answer the following questions. In January 2022, Muscat Company acquired 30% of the outstanding shares of Salalah Company for 300,000 OMR. The balance sheet of Salalah Company as of 31.12.2021 showed that net assets amounted to 800,000 OMR. Any excess of cost over book value of the investment was attributed to a building with a remaining useful life of 12 years. In 2022, Salalah Company reported net income of 70,000 OMR and paid dividends of 10,000 OMR. Assuming that this investment gives Muscat Company significant influence over Salalah Company, what is the equity method balance of Muscat Company's Investment in Salalah Company as of December 31, 2022