Please help me solve this ASAP. Thank youRequired:

On January $3,2024,$ Matteson Corporation acquired $40$ percent of the outstanding common stock of O'Toole Company for $$1,379,000.$

This acquisition gave Matteson the ability to exercise significant influence over the investee. The book value of the acquired shares

was $$863,000.$ 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 $31,2024,$ O'Toole reported net income of

$$353,000$ and declared cash dividends of $$35,000.$ On December $31,2024,$ what should Matteson report as its investment in

under the equity method?