On January 1, Belleville Company paid $2,540,000 to acquire 88.000 shares of O'Fallon's voting common stock, which represents a 40 percent Investment. No allocations to goodwill or other specific accounts were made. Significant influence over O'Fallon is achieved by this acquisition, and so Belleville applies the equity method. O'Fallon declared a $2 per share dividend during the year and reported net income of $61,000. What is the balance in the Investment in O'Fallon account found in Belleville's financial records as of December 31 Multiple Choice $2.885,200 $2.709,200 $2,769,200 $2,829 200