On January 17, 2021, Chase Company acquired 3,000 shares (or 5%) of Axion Companys common stock at $30 per share. The securities are classified as investments available for sale. On October 24, 2021, Axion declared and paid a cash dividend of $3 per share. On December 31, 2021, the market value of Axions common stock was $32 per share and Axion's net income is $300,000. At what value should Axion report the investment in common stock on its December 31, 2021 balance sheet?