Clint owns 50% of Vohl Corp.’s common stock. Clint paid
$20,000 for this stock in year 1. At December 31, year 4, Clint’s
50% stock ownership in Vohl had a fair value of $180,000. Vohl’s
cumulative net income and cash dividends declared for the five
years ended December 31, year 4, were $300,000 and $40,000,
respectively. In Clint’s personal statement of financial condition
at December 31, year 4, what amount should be shown as the
investment in Vohl?