Jaynes Inc. acquired all of Aaron Co.'s common stock on January 2, 2018, by issuing 22,000 shares of $1 par value common stock. Jaynes' shares had a $21 per share fair value. On that date, Aaron reported a net book value of $385,000. However, its equipment (with a five-year remaining life) was undervalued by $15,000 in the company's accounting records. Any excess of consideration transferred over fair value of assets and liabilities is assigned to an unrecorded patent to be amortized over ten years. The following information was obtained from the individual accounting records of these two companies as of December 31, 2018, and 2019, respectively:

As of 12/31/18	Jaynes	Aaron
Revenue	$735,700	$215,000
Expenses	521,500	182,000
Investment income	not given	-
Dividends paid	65,000	20,000
As of 12/31/19	Jaynes	Aaron
Revenue	925,600	265,000
Expenses	684,000	201,000
Investment income	not given	-
Dividends paid	80,000	21,000

A) Prepare the Schedule as of January 2, 2018.

B) What balance would Jaynes' Investment in Aaron Co. account have shown on December 31, 2019, when the equity method was applied for this acquisition?

C) What is Jaynes income earned from their investment in Aaron Co. for 2019?