how? Pearl Corporation paid $$150,000$ on January $1,2013$ for a $25\%$ interest in Sandlin Inc.

On January $1,2013,$ the book value of Sandlin's stockholders' equity consisted of

$$200,000$ of common stock and $$200,000$ of retained earnings. All the excess

purchase cost over book value acquired was attributable to a patent with an

estimated life of $5$ years. During $2013$ and $2014,$ Sandlin paid $$3,000$ of dividends

each quarter and reported net income of $$60,000$ for $2013$ and $$80,000$ for $2014.$

Pearl used the equity method.

Determine the balance of Pearl's Investment in Sandlin account on December $31,$