on january $2,2023,$ novak corp purchased $100$ of the $1000$ outstanding common shares of blossom ltd for $$58000.$ during $2023$ blossom declared total cash dividends of $$16000$ and reported net income for the year of $$37000.$ If novak uses the cost model to account for its investment in blossom, novak's investment in blossom ltd account at december $31,2023$ should be