Plastic Company purchased 100 percent of Spoon Company's voting common stock for $668,000 on January 1, 20X4. At that date, Spoon reported assets of $697,000 and liabilities of $231,000. The book values and fair values of Spoon's assets were equal except for land, which had a fair value of $125,000 more than book value, and equipment, which had a fair value of $77,000 more than book value. The remaining economic life of all depreciable assets at January 1, 20X4, was ten years. Spoon reported net income of $84,000 and paid dividends of $45,000 in 20X4.

Required:

Compute the amount of investment income to be reported by Plastic for 20X4.