On January 1, 2014, Pert Company purchased 85% of the outstanding common stock of Sales Company for $370,700. On that date, Sales Companys stockholders equity consisted of common stock, $108,900; other contributed capital, $43,800; and retained earnings, $137,700. Pert Company paid more than the book value of net assets acquired because the recorded cost of Sales Companys land was significantly less than its fair value. During 2014 Sales Company earned $159,100 and declared and paid a $52,800 dividend.

Pert Company used the partial equity method to record its investment in Sales Company.

Assume that during 2015 Sales Company earned $183,900 and declared and paid a $52,800 dividend.