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Foxx Corporation acquired all of Greenburg Companys outstanding stock on January 1, 2016, for $662,000 cash. Greenburgs accounting records showed net assets on that date

Foxx Corporation acquired all of Greenburg Companys outstanding stock on January 1, 2016, for $662,000 cash. Greenburgs accounting records showed net assets on that date of $490,000, although equipment with a 10-year life was undervalued on the records by $99,500. Any recognized goodwill is considered to have an indefinite life.

Greenburg reports net income in 2016 of $106,000 and $133,000 in 2017. The subsidiary declared dividends of $20,000 in each of these two years.

Account balances for the year ending December 31, 2018, follow. Credit balances are indicated by parentheses.

Foxx Greenburg
Revenues $ (912,000 ) $ (764,000 )
Cost of goods sold 114,000 191,000
Depreciation expense 370,000 406,000
Investment income (20,000 ) 0
Net income $ (448,000 ) $ (167,000 )
Retained earnings, 1/1/18 $ (1,204,000 ) $ (362,000 )
Net income (448,000 ) (167,000 )
Dividends declared 120,000 20,000
Retained earnings, 12/31/18 $ (1,532,000 ) $ (509,000 )
Current assets $ 342,000 $ 103,000
Investment in subsidiary 662,000 0
Equipment (net) 1,094,000 640,000
Buildings (net) 922,000 412,000
Land 708,000 147,000
Total assets $ 3,728,000 $ 1,302,000
Liabilities $ (1,296,000 ) $ (493,000 )
Common stock (900,000 ) (300,000 )
Retained earnings (1,532,000 ) (509,000 )
Total liabilities and equity $ (3,728,000 ) $ (1,302,000)

Determine parent's investment income for 2018 under partial equity method and equity method. (This was the only part of the question, i couldnt get the correct answer for, please help)

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