Hale Co purchases 25% (25,000 shares) of Syd Corp on January 1, 2020 for a cash payment of $12 per share. During 2020, Syd Corp had net income of $240,000 and paid out dividends of $100,000. At the end of 2020, Syd Corp's shares were trading at $14 per share. Assume Hale Co classifies its investment in Syd Corp as FVTOCI. Record Hale Co's transactions related to Syd Corp for 2020, and determine the balance in Investment account for the period ending Dec 31, 2020.