Port Company purchased 47,600 of the 119,000 outstanding shares of Sund Company common stock on January 1, 20X2, for $199,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following: Year Net Income Dividends 20X2 $ 54,000 $ 39,000 20X3 44,000 20X4 11,000 Required: Compute the amounts Port Company should report as the carrying values of its investment in Sund Company at December 31, 20X2, 20X3, and 20X