On January 1. 2014, Pardy Corporation acquired a 70% interest in the common stock of Salter Corporation For $7,000.000 when Salter's stockholders equity was as follows: 10% cumulative, nonparticipating preferred stock. $100 par, with a $105 liquidation preference. callable at $110 $ 1.0001000 Common stock, $10 par value 6.000.000 Additional paid-in capital 1.500.000 Retained earnings 2.500.000 Total stockholders' equity $11,000,000 There were no preferred dividends in arrears on January 1. 2014. There are no book value/fair value differentials. Assume Salter's net income for 2014 is $220,000. No dividends are declared or paid in 2014. What is the change in Pardy's Investment in Salter for the year ending December 31, 2014? $84,000 $119,000 $154,000 $189,000