Current Attempt in Progress

Vaughn Corporation acquired a $35\%$ interest in Tamarisk Company on January $1,2025,$ for $$480,000.$ At that time, Tamarisk had $1,000,000$ shares of its $$1$ par common stock issued and outstanding. During $2025,$ Tamarisk paid cash dividends of $$159,000$ and thereafter, declared and issued a $5\%$ common stock dividend when the fair value was $$2$ per share. Tamarisk's net income for $2025$ was $$350,000.$ What is the balance in Vaughn's equity investment account at the end of $2025?$

Balance in equity investment account

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