Problem $1-29($Algo$)($LO $1-4,1-5,1-6$b$,1-7)$

On January $1,2024,$ Pine Company owns $40$ percent $(60,000$ shares$)$ of Seacrest, Incorporated, which it purchased several years ago for $$337,500.$ Since the date of acquisition, the equity method has been properly applied, and the carrying amount of the investment account as of January $1,2024,$ is $$436,500.$ Excess patent cost amortization of $$18,000$ is still being recognized each year. During $2024,$ Seacrest reports net income of $$462,000$ and a $$180,000$ other comprehensive loss, both incurred uniformly throughout the year. No dividends were declared during the year. Pine sold $12,000$ shares of Seacrest on August $1,2024,$ for $$144,086$ in cash. However, Pine retains the ability to significantly influence the investee.

During the last quarter of $2023,$ Pine sold $$55,000$ in inventory $($which it had originally purchased for only $$33,000)$ to Seacrest. At the end of that fiscal year, Seacrest's inventory retained $$13,600($at sales price$)$ of this merchandise, which was subsequently sold in the first quarter of $2024.$

Required:

On Pine$$s financial statements for the year ended December $31,2024,$ what income effects would be reported from its ownership in Seacrest?

Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar.