On January 1, 20X3, Fish Corporation acquired a 15% interest in Seal Corporation for $117,000 when Seals stockholders equity consisted of $600,000 capital stock and $180,000 retained earnings. Book values of Seals net assets equaled their fair values on this date. Seals net income and dividends for 20X3 through 20X5 are as follows:

	20X3	20X4	20X5
Net income	15,000	18,000	23,000
Dividends paid	10,000	12,000	14,000

Fish uses the equity method of accounting for its investment in Seal because it has a significant influence. The balance in the Investment in Seal account at December 31, 20X5 will be: