Source, Inc. purchased a 18% interest in Facade Corporation on January 2, 2XX0. The purchase price was $240,000. Source's officers constitute a majority of Facade Corporation's board of directors. The investee reported net income of $360,000 and paid dividends of $60,000 in 2020. On December 31, 2XX0, balance sheet, what amount should Source, Inc. report as Equity Investment in Facade Corporation?