Port Company purchased 44,400 of the 111,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $196,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following:

Year	Net Income				Dividends
20X2		$	41,000			$	26,000
20X3			31,000
20X4			7,000

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.