On January $1,20$X$5,$ Ply Company purchased $100\%$ of the common stock of Wood Company at book value $($no differential$)$ for $$82,000.$ For $20$X$5$ and $20$X$6,$ Ply had income from its own operations of $$112,000$ and $$125,000,$ respectively. For these same two years, Wood Company had net income of $$28,000$ and $$37,000.$ Wood declared and paid dividends of $$21,000$ and $$29,000$ for these same years, respectively. What would be the balance in PIys investment in Wood account at the end of $20$X$6?$