On January 1, 2024 Sea Limited purchased 40% of the common shares Shore Ltd for $200,000 cash. Sea Limited has recorded the investment as a significantly influenced one; hence, they are using the equity method. At the date of acquisition, the condensed Statement of Financial Position showed total assets of $500,000, total liabilities of $400,000 and shareholder's equity of $100,000. All assets and liabilities had fair values equal to carrying (book) values except fixed assets which had a carrying value that was $20,000 LOWER than fair value. The fixed assets had a remaining useful life at the date of acquisition of 4 years and the company uses straight-line depreciation. Shore Limited's Statement of Comprehensive income for the year ended December 31, 2024 showed net income of $80,000 and dividends paid of $30,000. At December 31, 2024 it is estimated that the fair value of Shore Limited is $150,000. Required: Calculate the amount of investment account on the books of Sea Limited on its December 31, 2024 Statement of Financial Position assuming the investment in Shore Limited