On January $1,2021,$ Oriole Corp. paid $\backslash (\backslash$$ $1050000\backslash )$ for $140000$ shares of Pharoah Company's common stock, which represents $\backslash (25\backslash \%\backslash )$ of Pharoah's outstanding common stock. Pharoah reported income of $\backslash (\backslash$$ $325000\backslash )$ and paid cash dividends of $\backslash (\backslash$$ $112000\backslash )$ during $20210$ Oriole should report the investment in Pharoah Company on its December $31,2021,$ balance sheet $\backslash (\backslash$$ $1078000\backslash )\backslash (\backslash$$ $1131250\backslash )\backslash (\backslash$$ $1050000\backslash )\backslash (\backslash$$ $1103250\backslash )$