Brooklyn Company bought 34% of the shares of Oswego, Incorporated, at the start of 2023. Brooklyn paid $9,000,000 for the shares. 34% of the book value of Oswegos net assets is $7,200,000, and the difference of $1,800,000 is due to land that Oswego owns that has appreciated in value. During 2023, Oswego reported net income of $1,100,000 and paid a cash dividend of $400,000. The investment gives Brooklyn significant influence over the operating and financial policies of Oswego.
Amount paid for shares				$9,000,000
% of shares purchased				34%
Book value of 34% of net assets				$7,200,000
Book value of land				$1,800,000
Oswego's reported net income				$1,100,000
Cash dividend paid by Oswego				$400,000
At what amount does Brooklyn carry the Oswego investment on its balance sheet as of December 31, 2023?