Matthew, Inc., owns 30 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the investee's operations and decision making. On January 1,2021, the balance in the Investment in Lindman account is $353,000. Amortization of excess fair value associated with the 30% ownership is $15,900 per year. In 2021 , Lindman earns an income of $213,000 and declares cash dividends of $71,000. Previously, in 2020 , Lindman had sold inventory costing $49,000 to Matthew for $70,000. Matthew consumed all but 20 percent of this merchandise during 2020 and used the rest during 2021 . Lindman sold additional inventory costing $56,100 to Matthew for $85,000 in 2021. Matthew did not consume 40 percent of these 2021