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 $2019?$