Assume that, on January 1, 2021, Sosa Enterprises paid $2,100,000 for its investment in 36,000 shares of Orioles Co. Further, assume that Orioles has 120,000 total shares of stock issued and estimates an eight-year remaining useful life and straight-line depreciation with no residual value for its depreciable assets. At January 1, 2021, the book value of Orioles' identifiable net assets was $7,120,000, and the fair value of Orioles was $10,000,000. The difference between Orioles' fair value and the book value of its identifiable net assets is attributable to $1,800,000 of land and the remainder to depreciable assets. Goodwill was not part of this transaction. The following information pertains to Orioles during 2021:

Net Income	$	600,000
Dividends declared and paid	$	360,000
Market price of common stock on 12/31/2021	$	80	/share

What amount would Sosa Enterprises report in its year-end 2021 balance sheet for its investment in Orioles Co.?