On January 1, 2018 M.T. Glass purchased the following investments: 7,000 shares (representing 12%) of ZZ Company stock for $98,000 2, 20,000 shares (representing 40%) of AA Company stock for $440,000 M. T. Glass recorded the sale of some of its investments in 2019 as follows 1. September 1 sold 4,000 shares of the ZZ Company stock for $76,000 2. December 31 sold 5,000 shares of the AA Company stock for $150,000 AA Company and ZZ Company reported the following information for the years 2018 and 2019: AA Companyzzc ompany Net income in 2018 Dividends paid to M.T. Glass in 2018 Market value at Dec 31, 2018 $200,000 $24,000 $27 per share $260,000 $15,000 $22 per shar Net income in 2019 Dividends paid to M.T. Glass in 2019 Market value at Dec 31, 2019 $160,000 $41,000 $24 per share $225,000 $5,000 $28 per shar Calculate the balance in the Investment in AA Company account at December 31, 2018