On January 1, 2027, Kasson Company acquired 37% of IJK Company's common stock for $267,000. During 2027, IJK Company reported a net income of $235,000 and paid dividends totaling $88,000. For 2028, IJK Company had a net income of $120,000 and paid dividends totaling $17,000. Kasson Company sold one-half of its investment in IJK Company on December 31, 2028 for $201,400 cash. Calculate the balance in the investment in IJK Company reported in Kasson Company's December 31, 2027 balance sheet