On Jan. 1, 2016, Green Company paid $900,000 for 50,000 shares of Black Companys voting ordinary shares which represents a 30% investment. Significant influence over Black is achieved by this acquisition. Black declared a $0.5 per share dividend during the year and reported net income of 300,000. What is the balance in the Investment in Black account found in Greens financial records as of December 31, 2016?