Ochre Corporation purchased $42,000$ shares of Scarlet Company for $$32$ each on $2/3/23.$ This investment represented $35\%$ of the

outstanding common stock of Scarlet, giving Ochre significant influence over Scarlet. Ochre intends to hold the investment for

more than a year. On $10/1/23,$ Ochre received dividends of $$1\mathrm{.}50$ per share. Scarlet$$s net income for $2023$ was $$450,000,$ and the

market value of Scarlet stock at $12/31/23$ was $$35$ per share.

Make all journal entries required by Ochre in $2023.$ What amount did Ochre report for the investment at $12/31/23?$