On January 1, 2021, Dumbledore Co. paid $2,580,000 for its investment in 129,000 shares of Potter Inc. Potter has 430,000 total shares of stock issued. The book value and fair value of Potter's identifiable net assets were both $8,600,000 at January 1, 2021. The following information pertains to Potter during 2021: Net income Dividends declared and paid Market price of common stock on 12/31/2021 $ 1,290,000 $ 516,000 $ 24/share What amount would Dumbledore report in its year-end 2021 balance sheet for its investment in Potter? Investment in Potter Inc. (as of Dec. 31, 2021)