Company S purchased \(90 \%\) of Company T's outstanding voting common stock on January 2, 1999. The investment is accounted for under the equity method. Company \(S\) paid \(\$ 2,790,000\) for its proportionate equity of \(\$ 2,430,000\). The difference was due to undervalued land owned by Company T. Company T earned \(\$ 324,000\) during 1999 and paid cash dividends of \(\$ 108,000\).

a. Compute the balance in the investment account on December 31, 1999 .

b. Compute the amount of the minority interest on (1) January 2, 1999, and (2) December 31,1999 .