code class$=$"asciimath"$>$As a long$-$term investment, Plumbers' Equipment Company purchased $21\%$ of COD Supplies Inc.$\text{'}$s $404,000$ shares for $$483,000$ at the beginning of the fiscal year of both companies. On the purchase date, the fair value and book value of COD$$s net assets were equal. During the year, COD earned net income of $$254,000$ and distributed cash dividends of $0\mathrm{.}26$ cents per share. At year$-$ end, the fair value of the shares is $$509,000.$