On $1/1/$X$4,$ Phillip invested $$325,000$ in Sleeper $(50\%$ owned$).$ For $20$X$4,$ Sleeper:

$(1)$ earned $$180,000,$

$(2)$ declared dividends of $$120,000,$ and

$(3)$ paid dividends of $$80,000.$

$(4)$ fair value of investment at year end is $$330,000.$

What amount does Phillip report as investment in Sleeper at year end, by using the equity method?On $1/1/$X$4,$ Phillip invested $$325,000$ in Sleeper $(50\%$ owned$).$ For $20$X$4,$ Sleeper:

$(1)$ earned $$180,000,$

$(2)$ declared dividends of $$120,000,$ and

$(3)$ paid dividends of $$80,000.$

$(4)$ fair value of investment at year end is $$330,000.$

What amount does Phillip report as investment in Sleeper at year end, by using the equity method?