On January 1, 2019, Ragnar Corporation paid $750,000 for 100,000 shares of Floki Company's common stock, which represents 40% of Floki's outstanding common stock. For the year ending December 31, 2019, Floki reported net income of $190,000 and declared and paid cash dividends of $60,000. Ragnar should report the investment in Floki Company on its balance sheet at December 31, 2019 at (Account Name and USD amount)