Sage Hill Inc., a public company, owns 20% of Dong Ltd.'s common shares for strategic purposes. The investment's carrying amount at January 1,2024 , is $302,000. During the year, Dong reported profit of $252,300 and paid a dividend of $18,800. The investment's fair value on December 31,2024 , Sage Hill's year end, is $315,400. Assume instead that Sage Hill is a private company and reports the investment using cost. Indicate the amount reported on the balance sheet for the investment at December 31 and the amount of income from this investment reported in the income statement