At the beginning of the year, Eagle Corp. purchased 10,000 of the 200,000 shares of common stock of Bobcat Inc. at $40 per share as a long-term investment. The records of Bobcat Inc. showed the following by the end of the year: Net Income Dividends Paid $ 500,000 $ 200,000 Market Price per Share $ 38 What amount should Eagle Corp. report in its year-end balance sheet for its investment in Bobcat Inc.?