Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2022. Miller paid $816,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $204,000 both before and after Millers acquisition. On January 1, 2022, Taylor reported a book value of $562,000 (Common Stock = $281,000; Additional Paid-In Capital = $84,300; Retained Earnings = $196,700). Several of Taylors buildings that had a remaining life of 20 years were undervalued by a total of $74,900. During the next three years, Taylor reports income and declares dividends as follows: Year Net Income Dividends 2022 $ 65,700 $ 9,500 2023 85,500 14,300 2024 95,300 19,100 Required: Determine