On January 1, 2018, Adora Inc. acquired 15% of Alvah Co.s outstanding common stock for $62,400 and did not exercise significant influence. Alvah earned net income of $96,000 in 2018 and paid dividends of $36,000. The fair value of Adoras investment was $80,000 at December 31, 2018. On January 3, 2019, Adora bought an additional 10% of Alvah for $54,000. This second purchase gave Adora the ability to significantly influence the decision making of Alvah. During 2019, Alvah earned $120,000 and paid $48,000 in dividends. As of December 31, 2019, Alvah reported a net book value of $468,000. At the date of the second purchase, Adora concluded that Alvah Co.s book values approximated fair values and attributed any excess cost to goodwill.

On Adoras December 31, 2019 balance sheet, what balance was reported for the Investment in Alvah Co. account? (Show below all calculations to get credit.)