On January 1, 2014, Picante Corporation acquired 100 percent of the outstanding voting stock of Salsa Corporation for $1,965,000 cash. On the acquisition date, Salsa had the following balance sheet:

Cash	$	164,000		Accounts payable	$	212,000
Accounts receivable		150,000		Long-term debt		994,000
Land		761,000		Common stock		1,033,000
Equipment (net)		1,908,000		Retained earnings		744,000
	$	2,983,000			$	2,983,000

At the acquisition date, the following allocation was prepared:

Fair value of consideration transferred			$	1,965,000
Book value acquired				1,777,000
Excess fair value over book value				188,000
To in-process research and development	$	52,250
To equipment (8-year remaining life)		117,600		169,850
To goodwill (indefinite life)			$	18,150

Although at acquisition date Picante had expected $52,250 in future benefits from Salsas in-process research and development project, by the end of 2014, it was apparent that the research project was a failure with no future economic benefits.

On December 31, 2015, Picante and Salsa submitted the following trial balances for consolidation. There were no intra-entity payables on that date.

		Picante			Salsa
Sales	$	(3,579,700	)	$	(1,112,750	)
Cost of goods sold		1,687,500			700,000
Depreciation expense		548,000			174,750
Subsidiary income		(223,300	)		0
Net income	$	( 1,567,500	)	$	(238,000	)
Retained earnings 1/1/15	$	(3,202,500	)	$	(914,000	)
Net income		(1,567,500	)		(238,000	)
Dividends declared		200,000			25,825
Retained earnings 12/31/15	$	(4,570,000	)	$	(1,126,175	)
Cash	$	155,475		$	90,675
Accounts receivable		865,000			168,000
Inventory		926,000			659,000
Investment in Salsa		2,265,525			0
Land		3,667,500			701,000
Equipment (net)		5,080,000			1,847,500
Goodwill		306,000			0
Total assets	$	13,265,500		$	3,466,175
Accounts payable	$	(243,000	)	$	(433,000	)
Long-term debt		(3,302,500	)		(874,000	)
Common stock		(5,150,000	)		(1,033,000	)
Retained earnings 12/31/15		(4,570,000	)		(1,126,175	)
Total liabilities and equities	$	(13,265,500	)	$	(3,466,175	)

Note: Parentheses indicate a credit balance.

a.	Determine the investment in Salsa account balance as on December 31, 2015. (Amounts to be deducted should be indicated by a minus sign.)