On January 1, 2027, Kasson Company acquired 40% of IJK Company's common stock for $183,000. Kasson Company's December 31, 2027 balance sheet reported an Investment in IJK Company with a $216,780 balance. At December 31, 2028, Kasson Company sold one-fourth of its investment in IJK Company. Kasson Company reported a gain on the sale of the investment of $7,745. IJK Company reported net income and paid dividends as follows: Net income Total dividends paid 2027 ? $12,000 2028 $136,000 $ 16,000 Calculate the selling price of the investment sold on December 31, 2028.