Selk Steel Co., which began operations on January 4, 2015, had the following subsequent transactions and events in its long-term investments.

2015

Jan.	5	Selk purchased 60,000 shares (20% of total) of Kildaire's common stock for $1,560,000.
Oct .	23	Kildaire declared and paid a cash dividend of $3.20 per share.
Dec.	31	Kildaire's net income for 2015 is $1,164,000, and the fair value of its stock at December 31 is $30.00 per share.

2016

Oct.	15	Kildaire declared and paid a cash dividend of $2.60 per share.
Dec.	31	Kildaire's net income for 2016 is $1,476,000, and the fair value of its stock at December 31 is $32.00 per share.

2017
Jan.	2	Selk sold all of its investment in Kildaire for $1,894,000 cash.

1. Compute the cost per share of Selks investment in Kildaire common stock as reflected in the investment account on January 1, 2017. 2. Compute the net increase or decrease in Selks equity from January 5, 2015, through January 2, 2017, resulting from its investment in Kildaire.