Investment income

Brindle Company purchased 100 percent of Monrue Company's voting common stack for $648,000 on January 1, 20X4. At that date, Monroe reported assets af $690.000 and fiabilities of $230.000. The book values and fair values of Monroe's annets were equal excapt for land, which had a fair value $108.000 more than honk vailue, and equipment, which had a fuir value $80.000 more than book value. The remaining camomic life of all depreciable assets at Jimuary 1, 20X4, was five years. Monroe reported net income of $68,000 and paid dividends on $34.000 in 20X4

Required

Compute the amount of investment income to be reponed by Brindle for 20x4