On January 1, 2021, American Corporation purchased 25% of the outstanding voting shares of Short Supplies common stock for $205,000 cash. Od that date, Short's book value and fair value were both $820,000. The equity method is deemed appropriate for this Investment Short's net income reported on December 31, 2021, was $78,000. During 2021, Short also paid cash dividends in the amount of $23,000 Required: Compute the amount that would be reported for the investment on American Corporation's financial statements at December 31, 2021. Investment amount