During the year ended 30 June 2021, Baber Ltd acquired shares in Dook Ltd. Baber Ltd has a general accounting policy to take any change in the fair value of its share investments through profit or loss. On 1 July 2020, Baber Ltd purchased 36 000 ordinary shares issued by Dook Ltd at the market price of $18 per share. Baber Ltd had a total of 50 000 000 ordinary shares outstanding. Baber Ltd purchased the shares of Dook Ltd with the intention to hold the shares for the purpose of receiving dividends in the long-term. Baber Ltd incurred stamp duty costs of $21 000 and paid in cash on the day of the share purchase. Also, on 31 July 2020, Baber Ltd's monthlty salary transactions included $15 000 paid to its employees who spent their time only on evaluating the purchase of shares in Dook Ltd. On 30 June 2021, Baber Ltds shares are trading at $100 per share and Dook Ltds shares are trading at $56 per share.

What was the value of Baber Ltds investment in the shares of Dook Ltd on 1 July 2020?

Enter the value in the box below. The number should be entered without any dollar sign ($), punctuation, or space. For example, if you think the answer is $5,000, you must enter 5000 into the box. Incorrectly formatted answers will not be awarded any marks.