On January 1,2014,Farming Associates Purchased 25 Percent of the Outstanding

On January 1,2014,Farming Associates purchased 25 percent of the outstanding shares of stock of Anders Corp.for $125,000 cash.The investment will be accounted for by the equity method.On that date,Anders's net assets (book and fair value)were $250,000.Farming has determined that the excess of the cost of its investment in Anders over its share of Anders's net assets is attributable to equipment whose market value exceeds its carrying value by $95,000 and to an operating license whose market value exceeds its carrying value by $95,000.The remaining useful life of the equipment is ten years and the remaining useful life of the operating license is 20 years.
Anders's net income for the year ended December 31,2014,was $55,000.During 2014,Farming received $4,500 cash dividends from Anders.There were no other transactions between the two companies.
Compute the amount that would be reported on Farming Associates' books for the investment in Anders Corp.at December 31,2014.