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Jones Corporation acquired a 2 5 % interest in Trent Company on January 1 , 2 0 1 8 , for $ 3 5 0

Jones Corporation acquired a 25% interest in Trent Company on January 1,2018, for $350,000. At that time, Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2018, Trent declared and issued a 5% common stock dividend when the fair value was $3 per share. Trent's net loss for 2018 was $40,000. In 2019 Trent declared and paid a cash dividend of $240,00 and had net income of $580,000. What is the balance in Jone's equity investment account at the end of 2019?
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