On Jan 1, 2021, Zeki Corp. invests $2,400,000 to acquire 30% of the outstanding common stock of Tiki Corporation. During 2021, Tiki declares and paid $60,000 cash dividends (of which Zeki received $18,000). The dividends are not reinvested in the stock portfolio. Tiki reports 2021 income of $300,000 on its (Tiki's) 2021 income statement. The market value of the Tiki common stock owned by Zeki increased by $850,000 during the year. Zeki uses the equity method to account for the Tiki Investment account. How much income will Zeki report in 2021 from its investment in Tiki? What is the dollar amount for this investment as disclosed on Zeki's December 31?

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