3: On January 2, 2019 PPP Company purchased 30% of the outstanding ordinary shares of JJJ, Inc. and subsequently used the equity method to account for the Investment. During 2019 JJJ, Inc. reported net income of C420,000 and distributed dividends of 180,000. PPP's ending balance in the Equity Investments account at December 31, 2019 was 320,000 after applying the equity method during 2019. What was the purchase price PPP Company paid for its investment in JJJ, Inc