On January 1, Puckett Company paid $2.94 million for 73,500 shares of Harrisons voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is achieved by this acquisition and so Puckett applies the equity method. Harrison distributed a dividend of $2 per share during the year and reported net income of $600,000. What is the balance in the Investment in Harrison account found in Pucketts financial records as of December 31?

$3,121,200.

$3,393,000.

$3,180,000.

$3,033,000.