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Question - Cream Inc. acquired 35% interest, or 1,400 common shares, of Salmon Inc. on January 1, 2021. Cream Inc. paid $56 per share. At that time, the carrying amount of Salmon Inc.'s net assets was $179,200. Fair values of equipment (subject to depreciation) and land (not subject to depreciation) were higher than their carrying amount by $9,800 and $5,880, respectively. Equipment has remaining useful life of 7 years. Salmon Inc. reported net income of $15,680 for its year ended December 31, 2021. What is the carrying amount of this investment in the Cream Inc.'s December 31, 2021 statement of financial position?
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