Summersoon Corporation acquired 35% of the outstanding common stock of Flower Corporation for $ 200,000 on January 1, 2022, and obtained significant influence. The purchase price of the shares was equal to their book value. During 2022, the following information is available for Flower. Mar 15 Declared and paid a cash dividend of $ 40,000. June 30 Reported semiannual earning of $ 150,000 for the first half of 2022. Sept. 10 Declared and paid a cash dividend of $ $ 40,000. Dec. 31 Reported semiannual earning of $ 180,000 for the second half of 2022. Required: Prepare journal entries for Summersoon to reflect the preceding information. What is the balance in Summersoon's investment account on December 31, 2022. Show your computations.