At the beginning of 2021, Willy Wonka Inc. purchased 40% of j and Js common stock for $338,000. Willy Wonka Inc. uses the equity method of accounting for its investment in J and j During 2021, J and J reported net income of $473,000 and declared and paid cash dividends of $143,000. At the end of 2021, the fair value of the investment in J and J. is $512,000.

At the end of 2021, what should the balance in the J and J Investments account be?

$668,000

$512,000

$584,400

$470,000