Company R purchases a 25% interest in Company E on January 1, 2014, at its book value of $20,000. From 2014 through 2018, Company E earns a total of $200,000. From 2019 through 2023, it loses...

Company R purchases a 25% interest in Company E on January 1, 2014, at its book value of $20,000. From 2014 through 2018, Company E earns a total of $200,000. From 2019 through 2023, it loses $300,000. In 2024, Company E reports net income of $30,000. What is Company R’s investment income for 2024, and what is its balance in the investment in Company E account on December 31, 2024?