On January 2, 2018, Benny Company purchased 7,000 shares of the stock of Tom Company at $14 per share.Benny did NOT obtain significant influence as the purchase represents a 10% ownership stake in Tom Company.On August 1, 2018, Tom Company paid cash dividends of $23,000.Benny Company intended this investment to a long-term investment.On December 31, 2018, Tom Company reported $70,000 of net income for FY 2018.Additionally, the current market price for Tom Company's stock increased to $26 per share at the end of the year.Use this information to determine, how much Benny Company should report for its investment in Tom Company on December 31, 2018. (Round to the nearest dollar.)