considering all information above, after all necessary adjusting entries are made for the year, the balance in rex corporations long term investment account for its investment in alamo corporation will be?

On January 1, 2019, Rex Corporation purchased 30,000 shares (30\% of the outitindine toclif of Aisme Comoration for 5500000 . Net income reported by Alamo for 2019 was $180,000. Dividends paid by Alamo during 2019 were $60.000. On December 31, 2019 the Alamo Corporation stock was trading at $18 per share. After all necessary adjusting entries are made for the year, the balance in Rex Corporation's Long-Term Investment account for its investment in Alamo Corporation will be