Peace Company issued common shares with a par value of $59,000and a market value of $165,900 in exchange for 30 percent ownershipof Symbol Corporation on January 1, 20X2. Symbol reported thefollowing balances on that date:

SYMBOL CORPORATION Balance Sheet January 1, 20X2
	Book Value					Fair Value
Assets
Cash		$	55,000				$	55,000
Accounts Receivable			81,000					81,000
Inventory (FIFO basis)			126,000					156,000
Land			51,000					66,000
Buildings & Equipment			502,000					329,000
Less: Accumulated Depreciation			(242,000)
Patent								32,000
Total Assets		$	573,000				$	719,000
Liabilities & Equities
Accounts Payable		$	25,000				$	25,000
Bonds Payable			141,000					141,000
Common Stock			146,000
Additional Paid-In Capital			15,000
Retained Earnings			246,000
Total Liabilities & Equities		$	573,000

The estimated economic life of the patents held by Symbol is 4years. The buildings and equipment are expected to last 6 moreyears on average. Symbol paid dividends of $10,000 during 20X2 andreported net income of $81,000 for the year.

Required:
Compute the amount of investment income (loss) reported by Peacefrom its investment in Symbol for 20X2 and the balance in theinvestment account on December 31, 20X2, assuming the equity methodis used in accounting for the investment.

A. Investment income (loss)
B. Balance in theinvestment account