Hodge Co. paid $1.87M for 80K shares of Howard Co's voting shares (common stock) on 01/01/2022. The shares acquired by Hodge represented a 45 percent investment in Howard Co., a significant influence. This acquisition did not result in allocation to other accounts (e.g. goodwill, other intangibles, etc.). Howard distributed a dividend of $2/share and reported net income of $720K during 2022. On 12/31/2022, what should the balance in the Investment in Howard Co. account found on the books of Hodge amount to