On January 1, 2014, Judy Company (Judy) acquired 100% of the shares of Ivory Limited (Ivory). At this date, Ivory's book value of identifiable assets and liabilities equaled their fair values except for a building with 18-year remaining life, which had a fair value of $684,000 and a book value of $594,000. On December 31,2022 , Judy had PPE (net) with a book value of $6,789,000 and a fair value of $7,760,000. Ivory had PPE (net) with a book value of $1,520,000 and a fair value of $1,790,000. Both companies used the cost method in recording PPE. What is the consolidated balance for the PPE (net) account as of December 31,2022