On January 1, 2020, Company A bought 40% of the 300,000 shares outstanding of Company B for at $10 per share. After this investment, Company A holds 40% of Company B. Company B had net income of $1.2 million for 2020, and its stock paid a dividend of $1.20 per share. Ignoring income tax effects, what should Company A report on its balance sheet regarding its investment in Company B on December 31, 2020? Round to the nearest whole number in your answer. Answer using only the number (ie., 1000000 instead of $1000000).