Exercise 7-05 a-d (Part Level Submission) Cullumber Company has a balance in its Accounts Payable control account of $8,270 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,710; Janish Company, balance $1,530; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases Payments Returns $6,570 $6,030 $ 0 5,170 1,530 2,660 6,195 6,980 0 (a) What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $