Port Company purchased 40,800 of the 102,000 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:

Year	Net Income				Dividends
20X2		$	59,000			$	44,000
20X3			49,000
20X4			17,000

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.