At the beginning of the year, Zesty Corporation purchased 10,000 shares of Scrumptious Company common stock for $80 per share. Scrumptious Company, which has issued 40,000 shares of stock, earned net income of $800,000 for the year and declared a cash dividend of $8 per share to stockholders.

At the end of the year, Scrumptious Company stock sells for $85 per share.

When Zesty Corporation prepares its balance sheet at the end of the year, what is the balance of the account for Equity InvestmentScrumptious Company?

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