X has a 20% share in Y. You were advised as of December 31, 2023, the value of the investment account was $145,000. Calculate investment value as of January 1, 2021, given the information below:

Y's net income and declared dividends for the following three years are as follows:

	Net Income (loss)	Dividends
2021	($25,000)	$5,000
2022	$70,000	$10,000
2023	$30,000	$60,000