Assume a parent company acquired 100% of a subsidiary January 1, 2017. The purchase price was $200,000 in excess of the subsidiarys book value of Stockholders Equity on the acquisition date, and that excess was assigned entirely to an unrecorded Patent owned by the subsidiary. The assumed economic useful life of the Patent is 5 years. Assume the wholly owned subsidiary sells inventory to the parent. The parent, ultimately, sells the inventory to customers outside of the consolidated group. The inventory not remaining at the end of the year has been sold to unaffiliated entities outside of the consolidated group. The parent uses the equity method to account for its Equity Investment.

You have the following data for the years ending 2018 and 2019 as well as key financial statements numbers of the parent and its subsidiary for the year ended 2019 follows:

		Gross Profit
	Inventory	Remaining in	Receivable
	Sales	Unsold Inventory	(Payable)
2019	115,000	34,000	34,000
2018	104,000	19,000	44,000
	Parent	Subsidiary
Income Statement
Sales	9,500,000	1,657,000
Cost of goods sold	(6,928,000)	(1,060,000)
Operating Expenses	(1,782,000)	(529,000)
Statement of retained earnings
Beginning retained earnings	2,257,000	203,000
Dividends	(582,000)	(34,000)
Stockholder's Equity
Common stock	555,000	128,000
APIC	1,169,000	139,000

Calculate the pre-consolidation Equity Investment Account Balance reported by the parent during 2019.