Q9-5. On January 1 of the current year, Tse Company purchases 30% of the common stock of Green Company for $ 1,300,000 cash. This ownership allows Tse to exert significant influence over Green. During the year, Green reports $220,000 of net income and pays $42,000 in cash dividends. At year-end, what amount should appear in Tse's balance sheet for its investment in Green?