Potter Corp.$($Potter$)$ acquired $200$ voting common shares of Slade Ltd$.\text{'}$s $($Slade$)$ on January $1,2021$ for cash of $$8,000.$ At all relevant times, Slade had $1,000$ voting common shares issued and outstanding with a stated value of $$10,000.$ On December $31,2021,$ the shares were trading at $$45$ per share. The management of Potter classified this investment as fair value through profit or loss $($FVTPL$).$

On January $1,2022,$ Potter acquired an additional $250$ shares for cash of $$12,500.$ This second purchase of shares was enough to give Potter significant influence over the key decision$-$making for Slade. Potter is using the equity method to account for its investment in Slade. Slade's book values approximated its fair values on the acquisition date with the exception of the company's patent, which was estimated to have a fair value that was $$4,000$ in excess of its recorded book value. The patent had a useful life of $20$ years on acquisition date. Both companies use straight line amortization exclusively.

On January $1,2021,$ the shareholder's equity section of Slade was comprised of $$10,000$ in common shares and retained earnings of $$15,000.$

On January $1,2023,$ Potter acquired an additional $300$ shares for cash of $$16,500.$ Potter now has control over Slade. The entire acquisition differential was allocated to land.

Slade's net income and dividends for $2021,2022$ and $2023$ are as follows:

$$

$202120222023$Net Income$$25,000$$$18,000$$$32,000$Dividends$$10,000$$$9,000$$$14,000$

What is the balance in the Investment in Slade account on December $31,2022?$

Multiple Choice

$$25,000$

$$26,550$

$$22,050$

$$26,460$