On January 1, 2020, Alison, Inc., paid $89,000 for a 40 percent interest in Holister Corporations common stock. This investee had assets with a book value of $254,000 and liabilities of $92,500. A patent held by Holister having a $8,600 book value was actually worth $43,100. This patent had a six-year remaining life. Any further excess cost associated with this acquisition was attributed to goodwill. During 2020, Holister earned income of $41,500 and declared and paid dividends of $14,000. In 2021, it had income of $70,700 and dividends of $19,000. During 2021, the fair value of Allisons investment in Holister had risen from $100,700 to $109,780.

1. Assuming Alison uses the equity method, what balance should appear in the Investment in Holister account as of December 31, 2021?