$$678,000.$ Since the date of acquisition, the equity method has been properly applied, and the carrying amount of the investment

account as of January $1,2021,$ is $$876,000.$ Excess patent cost amortization of $$36,000$ is still being recognized each year. During

$2021,$ Seacrest reports net income of $$822,000$ and a $$360,000$ other comprehensive loss, both incurred uniformly throughout the

year. No dividends were declared during the year. Pine sold $24,000$ shares of Seacrest on August $1,2021,$ for $$224,401$ in cash.

However, Pine retains the ability to significantly influence the investee.

During the last quarter of $2020,$ Pine sold $$70,000$ in inventory $($which it had originally purchased for only $$42,000)$ to Seacrest. At

the end of that fiscal year, Seacrest's inventory retained $$16,700($at sales price$)$ of this merchandise, which was subsequently sold in

the first quarter of $2021.$

On Pine's financial statements for the year ended December $31,2021,$ what income effects would be reported from its ownership in

Seacrest? $($Do not round intermediate calculations. Round your answers to the nearest whole dollar.$)$

Answer is not complete.

SEACREST, INC.

Equity income

$($

$ $295,472$

Gain on sale of investment