Kim Company bought 40% of the shares of Phelps, Inc., at the start of 2021. Kim paid $29 million for the shares. Forty percent of the book value of Phelps's net assets is $24 million, and the difference of $5 million is due to land that Phelps owns that has appreciated in value. During 2021, Phelps reported net income of $3 million and paid a cash dividend of $27 million At what amount does Kim carry the Phelps Investment on its balance sheet as of December 31, 2021? (Enter your answers in millions rounded to 2 decimal places (.e., 5,500,000 should be entered as 5.50).) Amount of mvestment reported in Kimbalance sheet million