Peace Company issued common shares with a par value of $56,000 and a market value of $163,500 in exchange for 30 percent ownership of Symbol Corporation on January 1, 20X2. Symbol reported the following balances on that date: SYMBOL CORPORATION Balance Sheet January 1, 20X2 Book Value Fair Value Assets Cash $ 56,000 $ 56,000 Accounts Receivable 87,000 87,000 Inventory (FIFO basis) 125,000 155,000 Land 51,000 66,000 Buildings & Equipment 503,000 324,000 Less: Accumulated Depreciation (243,000) Patent 40,000 Total Assets $ 579,000 $728,000 Liabilities & Equities Accounts Payable $ 23,000 $ 23,000 Bonds Payable 160,000 160,000 Common Stock 140,000 Additional Paid-In 16,000 Capital Retained Earnings 240,000 Total Liabilities & $ 579,000 Equities The estimated economic life of the patents held by Symbol is 4 years. The buildings and equipment are expected to 4 last 6 more years on average. Symbol paid dividends of $10,000 during 20x2 and reported net income of $86,000 for the year. Required: Compute the amount of investment income (loss) reported by Peace from its investment in Symbol for 20x2 and the balance in the investment account on December 31, 20X2, assuming the equity method is used in accounting for the investment. (If a loss occurs, enter the amount as a negative number.) Investment income (loss) Balance in the investment account