ABC Company reports net income of $800,000 each year and declares an annual cash dividend of $300,000. The company holds net assets of $5,000,000 on January 1, 2016. On that date, XYZ Co. purchases 40% of the outstanding shares for $2,000,000, which gives it the ability to significantly influence ABC. At the purchase date, the excess of XYZs cost over its proportionate share of ABCs book value was assigned to goodwill. On December 31, 2017, what is the Investment in ABC Company balance in XYZs financial records?