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Port Company purchased 31,500 of the 105,000 outstanding shares of Sund Company common stock on January 1, 20x2, for $190,000. The purchase price was equal

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Port Company purchased 31,500 of the 105,000 outstanding shares of Sund Company common stock on January 1, 20x2, for $190,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following: Year 20x2 20x3 20x4 Dividends $ 43,000 Net Income $ 58,000 48,000 9,000 Required: Compute the amounts Port Company should report as the carrying values of its investment in Sund Company at December 31, 20X2, 20X3, and 20X4 Amounts 20x2 20x3 20X4

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