On January 1, 2011, Chevy Company paid $1,920,000 for 60,000 shares of Donner Co.'s voting common stock which represents a 45% investment. No allocation to goodwill or other specific account was made. Significant influence over Donner was achieved by this acquisition. Donner distributed a dividend of $2.50 per share during 2011 and reported net income of $670,000.

What was the balance in the Investment in Donner Co. account found in the financial records of Chevy as of December 31, 2011?