On January 1, 2021 Pete Company bought 35% of the shares of Bullet, Inc. for $21 million. During 2021, Bullet reported net income of $7 million and paid a cash dividend of $6.5 million. The fair value of Pete's investment in Bullet was $23 million on December 31, 2021. Pete Company uses the equity method to record this investment. At what amount does Pete carry the Bullet investment on its balance sheet as of December 31, 2021