Sunland Company purchased $300$ of the $1000$ outstanding shares of Cheyenne Company's common stock for $$540000$ on January $2,2025.$ In $2025,$ Cheyenne declared dividends of $$70000$ and reported earnings of $$340000.$ If Sunland uses the fair value method of accounting for its investment in Cheyenne, the balance in Equity Investments $($Cheyenne$)$ on December $31,2025$ should be

$$621000.$

$$540000.$

$$642000.$

$$519000.$