Port Company purchased 34,200 of the 114,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $185,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following: YearNet IncomeDividends20X2 $46,000 $31,000 20X3 36,000 20X4 20,000 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.