James Corporation acquired 75% of the stock of Maple Corporation on January 2, 2020, for $10,000,000 cash and common shares with a par value of $1,000,000 and market value of $20,000,000. The market value of the noncontrolling interest on this date was $8,484,375.

The book value of Maples shareholders equity was $12,000,000. The differential included the following accounts where book value and fair value differed:

Book Value Fair Value Land 4,500,000 3,800,000 Plant assets, net (10 year life) 9,000,000 10,000,000 Patents (previously unrecorded 6 year life) 0 3,000,000 Long-term debt (15 year life) 3,500,000 3,050,000

Goodwill from the acquisition is impaired by $5,000,000 in 2021 and $2,000,000 in 2026.

In 2025, Maple purchased securities available for sale for $1,000,000. The fair value of these investments was $950,000 and $1,020,000 on December 31, 2025 and 2026 respectively.

Maple Net income is 3,160,000.

2020 Ending Investment balance is 31,147,500.

2020 Equity in earnings is 2,530,000 of which 1,897,500 belongs to the James.

Goodwill is 22,734,375 of which 18,187,500 belongs to the James.

Required: Prepare the investment account and NCI from January 1, 2021 to December 31, 2025. Show and calculate the activity recorded in the investment account and NCI for 2026.