On January $1,2023,$ the Leaf Company acquired a $5\%$ interest in the Trunk Corporation through the purchase of $100,000$ shares of Trunk$$s common stock for $$640,000$ the investment is recorded on Leaf$$s books as trading securities$.$ During $2023,$ Trunk paid $$40,000$ in dividends and reported net income of $$100,000.$ The market price of Trunk$$s common stock was $$6\mathrm{.}20$ per share on December $31,2023.$ Leaf should report the investment in the Trunk Corporation on its December $31,2020,$ balance sheet at

$$620,000.$

$$627,000.$

$$640,000.$

$$645,000.$