Prime industries acquired a			70%	interest in suburbia co. by purchasing				14,000	of its	20,000	outstanding
shares of common stock at a book value of $					210,000	on January 1 ,2016. Surburbia reported a net income in 2016 of $
90,000	and in 2107 of $		120,000	earned evenly throughout the respective years. Prime received $						24,000	dividends
from suburbia in 2016 and $			36,000	in 2017. Prime uses the equity method to record its investment.
The balance of prime's investment in suburbia at December 31, 2017 is: