Champaign Corporation purchases 45% of the common stock of Rockville, Inc. at a purchase price of $15.1 million cash. During the year, Rockville reports net income of $2,072,000 and pays $380,800 of cash dividends. At the end of the year, the market value of Champaign's investment is $16.6 million. What is the year-end balance of the equity investment in Rockville?