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Port Company purchased 42,400 of the 106,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $192,000. The purchase price was equal

Port Company purchased 42,400 of the 106,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $192,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following: Year Net Income Dividends 20X2 $ 58,000 $ 43,000 20X3 48,000 20X4 14,000 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.

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