January 1, 2023, Peapod LLC purchased 40,000 shares of Sunland's common stock for $75 per share. At the time, Sunland had 100,000 shares of common stock outstanding. During 2023 Sunland recorded $215,000 in net income and paid $20,000 in dividends. What is the balance in Peapod's investment in Sunland at 12/31/2023.