Miller Corporation acquired 30% of the outstanding common stock of Crowell Corporation for $180,000 on January 1, 2019, and obtained significant influence. The purchase price of the shares was equal to their book value. During 2019, the following information is available for Crowell:

Mar. 31	Declared and paid a cash dividend of $40,000.
June 30	Reported semiannual earnings of $120,000 for the first half of 2019.
Sept. 30	Declared and paid a cash dividend of $40,000.
Dec. 31	Reported semiannual earnings of $140,000 for the second half of 2019.

2. What is the balance in Millers investment account on December 31, 2019?