On January 1, 2014, Nott Company purchased 5,000 ordinary shares of Ace Company for $300,000. Nott's investment represents 30 percent of the total outstanding shares of Ace. During 2014, Ace paid total dividends of $100,000 and reported net income of $250,000. What revenue does Nott report related to this investment and what is the amount to be reported as the Investment in Ace at December 31?
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