Antisdale Co. made the following transactions.

Instructions:

Calculate the carrying value of the Investment Portfolio

Jan 1 Purchased 39% of Bau Inc. for $575,000

Feb 12 Purchased 45% of Wade Co, for $2,000,000

Purchased 15% of Isley Enterprises for $40,000. The CEO and CFO

Mar 15 of Isley are brothers of the Chairman and CEO of Antisdale. The sister is outside counsel to both firms

Jun 15 Bau pays dividends of $60,000

Sept 15 Bau pays dividends of $90,000

Oct 10 Wade pays dividends of $800,000

Dec 31 Bau Inc.'s earnings are $75,000

Dec 31 Wade Co.'s earnings are $500,000 for the current year