Alpha begins 2018 with a balance of $400,000 in its investment account. On January 1, 2018 Alpha acquired 30% of Beta for $300,000 cash. At date of acquisition, Beta had Assets of $600,000 and Liabilities of $200,000. At that date, Beta had Equipment ( 10 year life) with a book value of $300,000 and fair value of $400,000. For full year 2018, Beta reported Net Income of $150,000 and Dividends of $70,000. What is the balance in Alpha's investment account at December 31, 2018