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On January $1,2021,$ Pine Company owns $40$ percent $(116,000$ shares$)$ of Seacrest, Inc., which it purchased several years ago for $$652,500.$ Since the date of acquisition, the equity method has been properly applied, and the carrying amount of the investment account as of January $1,2021,$ is $$843,900.$ Excess patent cost amortization of $$34,800$ is still being recognized each year. During $2021,$ Seacrest reports net income of $$798,000$ and a $$348,000$ other comprehensive loss, both incurred uniformly throughout the year. No dividends were declared during the year. Pine sold $23,200$ shares of Seacrest on August $1,2021,$ for $$221,542$ in cash. However, Pine retains the ability to significantly influence the investee.

During the last quarter of $2020,$ Pine sold $$69,000$ in inventory $($which it had originally purchased for only $$41,400)$ to Seacrest. At the end of that fiscal year, Seacrest's inventory retained $$18,000($at sales price$)$ 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.$)$