Cayman Inc. bought 30% of Maya Company on January 1, 2021 for $450,000. The equity method of accounting was used. The book value and fair value of the net assets of Maya on that date were $1,500,000. Maya began supplying inventory to Cayman as follows: Cost to Transfer Year Maya Price Amount Held by Cayman at Year-End 2021 $30,000 $ 45,000 2022 $ 48,000 $ 80,000 $ 9,000 $20,000 Maya reported net income of $100,000 in 2021 and $120,000 in 2022 while paying $40,000 in dividends each year. What is the balance in Cayman's Investment in Maya account at December 31, 2021