Agee Corporation acquired a 35% interest in Trent Company on January 1, 2018, for $750,000. At that time, Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2018, Trent paid cash dividends of $240,000. Trent's net income for 2018 was $540,000. Prepare all necessary journal entries and calculate the balance in Agees equity investment account at the end of 2018?