Charlie Co. owns 30% of the voting common stock of Turf Services Inc. Charlie uses the equity method to account for its investment. On January 1, 2018, the balance in the investment account was $624,000. During 2018, Turf Services reported net income of $120,000 and paid dividends of $30,000. Any excess of fair value over book value is attributable to goodwill with an indefinite life. What is the balance in the investment account as of December 31, 2018?