Haynes, Inc., obtained 100 percent of Turner Companys common stock on January 1, 2014, by issuing 10,600 shares of $10 par value common stock. Hayness shares had a $15 per share fair value. On that date, Turner reported a net book value of $123,500. However, its equipment (with a five-year remaining life) was undervalued by $5,200 in the companys accounting records. Also, Turner had developed a customer list with an assessed value of $30,300, although no value had been recorded on Turners books. The customer list had an estimated remaining useful life of 10 years.

The following figures come from the individual accounting records of these two companies as of December 31, 2014:

	Haynes					Turner
Revenues		$	(715,000	)			$	(299,000	)
Expenses			530,000					145,000
Investment income			Not given					0
Dividends declared			90,000					70,000

The following figures come from the individual accounting records of these two companies as of December 31, 2015:

	Haynes					Turner
Revenues		$	(827,000	)			$	(354,500	)
Expenses			555,300					175,400
Investment income			Not given					0
Dividends declared			100,000					50,000
Equipment			530,000					327,000

a.	What balance does Hayness Investment in Turner account show on December 31, 2015, when the equity method is applied?