The Parent Company purchased common stock of Sub Company in a series of open-market purchases in 2021 and 2022. January 1, 2021 purchased 2,000 shares at $12 per share. January 1, 2022 purchased 9,000 downloadshared at $15 per share. Sub Company had 20,000 shares of $10 par value common stock outstanding for the entire period. Dividends of 12000 were paid on December 31, 2022. Sub Company had Net Income of $25,000 in 2021 and $40,000 in 2022.

The amount of revaluation loss the Parent Company recognizes in 2022:

The net impact on Parent Company books of the Investment in Sub Company account due to the 2022 dividends and net income of Sub Company would be: