QUESTION INFORMATION: On January $1,2023,$ Meyer Company purchased $35\%$ of Tressel Company for $$81,000$ and accounted for it as a significant influence equity investment $($SIEI$).$ During $2023,$ Tressel reported net income of $$9,500$ and paid dividends of $$4,300.$ The fair value of Meyer's SIEI in Tressel at December $31,2023$ was $$84,900.$

QUESTION TO ANSWER: If Meyer elects the fair value option to account for its SIEI in Tressel, the increase in Meyer's $2023$ pretax income related to this investment is $

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