Matthews Co. acquired all of the common stock of Jackson Co. on January 1, 2016. As of that date, Jackson had the following trial balance:

	Debit	Credit
Cash & short-term investments	$92,000
Accounts receivable	35,000
Supplies	42,500
Inventory	189,500
Land	185,000
Equipment - net (6-yr life)	265,000
Building - net (20-yr life)	432,000
Accounts payable		(230,000)
Long-term liabilities		(400,000)
Common stock		(300,000)
Additional paid-in capital		(125,000)
Retained earnings, 1/1		(186,000)
	1,241,000	(1,241,000)

During 2019, Jackson reported net income of $162,500 while paying dividends of $25,000. During 2020, Jackson reported net income of $201,500 while paying dividends of $28,000. Assume that Matthews Co. acquired the common stock of Jackson Co. for $718,000 in cash. As of January 1, 2019, Jackson's land had a fair value of $245,000, its buildings were valued at $450,000, and its equipment was appraised at $235,000. Any excess of consideration transferred over fair value of assets and liabilities acquired is due to an unamortized patent to be amortized over 10 years. Matthews decided to use the initial value method for this investment.

A) Prepare the Schedule as of January 1, 2019.

B) Prepare the consolidation worksheet entries for December 31, 2019

C) Prepare the consolidation worksheet entries for December 31, 2020

D) What is the balance in the Investment account as of December 31, 2020?