Equity Method On January 1, 2020, Spring Industries purchased a 40% ownership in Harper Corporation for $400,000, allowing Spring to exercise significant control over Harper's operations. As such, Spring accounts for its investment in Harper using the equity method. During 2020, Harper reported net income of $50,000 and declared dividends of $30,000. At December 31, 2020, the fair value of the investment had increased to $415,000. On December 31, 2020, Spring should report an "Investment in Harper" for what amount? Numeric Response