On January 1,2014,Emont Enterprises Purchased 35 Percent of the Outstanding

On January 1,2014,Emont Enterprises purchased 35 percent of the outstanding shares of stock of Leshner Corp.for $175,000 cash.The investment will be accounted for by the equity method.On that date,Leshner's net assets (book and fair value)were $300,000.Emont has determined that the excess of the cost of its investment in Leshner over its share of Leshner's net assets is attributable to equipment whose market value exceeds its carrying value by $150,000 and to an operating license whose market value exceeds its carrying value by $125,000.The remaining useful life of the equipment is ten years and the remaining useful life of the operating license is 20 years.
Leshner's net income for the year ended December 31,2014,was $80,000.During 2014,Emont received $3,500 cash dividends from Leshner.There were no other transactions between the two companies.
Compute the amount that would be reported on Emont Associates' books for the investment in Leshner Corp.at December 31,2014.