On January 1, 2009, Grade Company paid $300,000 for 20,000 shares of Medium Companys common stock which represents a 15% investment in Medium. Grade does not have the ability to exercise significant influence over Medium. Medium declared and paid a dividend of $1 a share to its stockholders during 2009. Medium reported net income of $260,000 for the year ended December 31, 2009, and had a market value of $300,000 at December 31, 2009. The balance in Grades balance sheet account Investment in Medium Company at December 31, 2009, should be