On January 1, 2021, Pine Company owns 40 percent (112,000 shares) of Seacrest, Inc., which it purchased several years ago for $523,600. Since the date of acquisition, the equity method has been properly applied, and the carrying amount of the investment account as of January 1, 2021, is $708,400. Excess patent cost amortization of $33,600 is still being recognized each year. During 2021, Seacrest reports net income of $774,000 and a $336,000 other comprehensive loss, both incurred uniformly throughout the year. No dividends were declared during the year. Pine sold 22,400 shares of Seacrest on August 1, 2021, for $197,038 in cash. However, Pine retains the ability to significantly influence the investee. During the last quarter