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On January 1, 2020, Pail Corporation acquired 60 percent of Sand Company's common stock for $420,000 cash. The fair value of the noncontrolling interest at

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On January 1, 2020, Pail Corporation acquired 60 percent of Sand Company's common stock for $420,000 cash. The fair value of the noncontrolling interest at that date was determined to be $280,000. At December 31, 2020, Pail reported on its general ledger Investment in Sand at $468800. What amount of Investment in Sand would be reported on the 12/31/20 consolidated Balance Sheet? FOR YOUR ANSWER, BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000

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