On January 1, 2008, Alison Inc., paid $60,000 for a 40% interest on Holister Corporation. This investee had assets with a book value of $200,000 and liabilities of $75,000. A patent held by Holister having a $5,000 book value was actual worth $20,000. The patent had a six-year remaining life. Any futher excess cost ass ociated with this acquisition was attributed to goodwill. During 2008, Holister earned income of $30,000 and paid dividends of $10,000. In 2009, it had income of $50,000 and dividends of $15,000.
Assuming that Alison has the ability to significantly influence Holister's operations and uses the equity method, what balance should appear in the investment in Holister account as of December 31, 2009?