Miller Corporation acquired 30% of the outstanding common stock of Crowell Corporation for $160,000 on January 1, 2018, and obtained significant influence. The purchase price of the shares was equal to their book value. During 2018, the following information is available for Crowell:

Mar. 31 Declared and paid a cash dividend of $50,000.

June 30 Reported semiannual earnings of $120,000 for the first half of 2018.

Sept. 30 Declared and paid a cash dividend of $50,000.

Dec. 31 Reported semiannual earnings of $140,000 for the second half of 2018.

Required: 1. What is the balance in Millers investment account on December 31, 2018?

(It isn't $199,000 or $160,000)