Jeff Company acquired the control of Jerry Co. through three cash acquisitions as follows

Consideration Percentage Acquired

January 1, 2017 $50,000 5%

January 1, 2018 $220,000 20%

January 1, 2019 $540,000 45%

The second acquisition on January 1, 2018 gave Jeff significant influence over Jerry's operations and the acquisition on January 1, 2019 gave Jeff control over Jerry. Any excess of the purchase price of the acquisitions over the book value of Jerry's net assets was accounted for as goodwill by Jeff.

Information Relative to Jerry Co.

Book Value Fair Value

January 1, 2017 $800,000 $1,000,000

January 1, 2018 $880,000 $1,100,000

January 1, 2019 $970,000 $1,200,000

Income Dividends

2017 100,000 $20,000

2018 $120,000 $30,000

2019 $140,000 $70,000

What is the balance in the account "Investment in Jerry Co" on December 31, 2017 and 2018 on Jeff's general ledger?

The balance in the account "Investment in Jerry Co" on January 2, 2019 on Jeff's general ledger