Knowledge Check

Way Inc. obtained significant influence by buying $35\%$ of Sonic Inc.$\text{'}$s $5,300$ outstanding shares of common stock at a cost of $$8$ per share on January $1,2025.$ On December $31,$ Sonic declared and paid a $$3,500$ cash dividend and reported net income of $$18,100$ for the year. Post all transactions and determine the account balance of the Stock Investments account.