On January 1, 2021, Grouper Corporation purchased 25% of the outstanding voting shares of Snapper common stock for $225,000 cash. On that date, Snapper's book value and fair value were both $900,000. For this investment, the equity method is used. Snapper's net income reported on December 31, 2021, was $86,000. During 2021, Snapper also paid cash dividends in the amount of $27,000.

Required: Compute the amount that would be reported for the investment on Grouper Corporation's financial statements at December 31, 2021.