franklin purchased 40% of Johnston in Jan 1 for $595500. Franklin did not use it, this acquisition gave Franklin to apply significant influence. Johnson reports assets on that date of $1458000 WOITH LIABILITIES OF $503000. One building with 7 year remaining in un dervalued on Johnson books by $1435000. Johnson book value trademark 10-year remaining is undervalued by $390000. during the year Johnson reports net income of $145000 while declaring dividends of $80000. what is the investment in johnson balance equity method in Franklin Records as of Dec 31