On January 3, 2021, Matteson Corporation acquired 40 percent of the outstanding common stock of O'Toole Company for $1,403,000 This acquisition gave Matteson the ability to exercise significant influence over the investee. The book value of the acquired shares was $845,000. Any excess cost over the underlying book value was assigned to a copyright that was undervalued on its balance sheet. This copyright has a remaining useful life of 10 years. For the year ended December 31, 2021 O'Toole reported net income of $318,000 and declared cash dividends of $40,000 on December 31, 2021 what should Matteson report as its investment in O'Toole under the equity method? 3 Investment