Blue Inc. sells a machine to its 90% owned subsidiary White, Co. on 1/1/2018. The original cost of the machine was $80,000 and accumulated depreciation was $30,000 at the time of sale. The transfer price was $40,000 and the machine had a remaining life of 5 years. Blue originally paid $500,000 for its 90% ownership of White on 1/1/2017, and any excess fair value was attributed to Goodwill (unimpaired). White posted net income of $40,000 and dividends of $20,000 in 2017 and Net Income of $80,000 and dividends of $20,000 in 2018. Make the TA and ED entries for 2018, the *TA entry for 2019, and calculate the investment account balance at 12/31/2018.