Clifton Corporation acquired all of the outstanding Gillion stock on January 1, Year 1, for $2,400,000. The parties immediately elected to file consolidated Federal income tax returns. Gillion reported a Year 1 taxable loss of $250,000, but it generated $400,000 taxable income in Year 2 and $180,000 in Year 3. Gillion paid a $100,000 dividend to Clifton in Year 2 and a $300,000 in Year 3.

Compute Clifton's stock basis in Gillion on the last day of each of the indicated tax years.

Year 1: $_________ Year 2: $_________ Year 3: $_________