On January 1, 2014, Pardy Corporation acquired a 70% interest in the common stock of Salter Corporation for $7,000,000 when Salter's stockholders' equity was as follows: 10% cumulative, nonparticipating preferred stock, $100 par, with a $105 liquidation preference, callable at $110 $ 1,000,000 Common stock, $10 par value 6,000,000 Additional paid-in capital 1,500,000 Retained earnings 2,500,000 Total stockholders' equity $11,000,000 There were no preferred dividends in arrears on January 1, 2014. There are no book value/fair value differentials. Assume Salter's net income for 2014 is $220,000. No dividends are declared or paid in 2014. What is the change in Pardy's Investment in Salter for the year ending December 31, 2014? $84,000 O $119,000 $154,000 $189.000