Following are selected accounts for Green Corporation and Vega Company as of December 31, 2026. Several of Green's accounts have been omitted.

GreenVegaRevenues$ 900,000$ 500,000Cost of goods sold360,000200,000Depreciation expense140,00040,000Other expenses100,00060,000Equity in Vegas income?Retained earnings, 1/1/20261,350,0001,200,000Dividends195,00080,000Current assets300,0001,380,000Land450,000180,000Building (net)750,000280,000Equipment (net)300,000500,000Liabilities600,000620,000Common stock450,00080,000Additional paid-in capital75,000320,000

Green acquired 100% of Vega on January 1, 2022, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2022, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.

Compute the book value of Vega at January 1, 2022