On January $1,2022,$ Oriole Corp. bought $28,000$ shares of the available $100,000$ common shares of Iceberg Inc, a publicly traded firm. This acquisition provided Oriole with significant influence. Oriole paid $$722,000$ cash for the investment. At the time of the acquisition, Iceberg reported assets of $$2,493,000$ and liabilities of $$1,192,000.$ Asset values reflected fair market value, except for capital assets that had a net book value of $$505,000$ and a fair market value of $$753,000.$ These assets had a remaining useful life of five years. For $2022$ Iceberg reported net income of $$390,000$ and paid total cash dividends of $$100,000.$

On May $16,2023,$ Oriole sold $14,000$ of its shares in Iceberg for $$425,000.$ Oriole has no immediate plans to sell its remaining investment in Iceberg.

Iceberg is actively traded, and stock price information follows:

$\backslash$table$[[$January $1,2022,$$$29$