On January 3, 2024, Matteson Corporation acquired 40 percent of the outstanding common stock of OToole Company for $1,304,000. This acquisition gave Matteson the ability to exercise significant influence over the investee. The book value of the acquired shares was $917,000. 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, 2024, OToole reported net income of $344,000 and declared cash dividends of $30,000. On December 31, 2024, what should Matteson report as its investment in OToole under the equity method