On January 1, Belleville Company paid $2,640,000 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 $613,000. What is the balance in the Investment in O'Fallon account found in Belleville's financial records as of December 31?