On January 1, Year One, Large Company paid $18 per share for 20,000 shares of Small Corporation. This investment gave Large 30 percent of the outstanding shares of Small but not the ability to significantly influence its operating and financing decisions. Small reported a net income of $240,000 during Year One and paid a total cash dividend of $60,000. The fair value of Small's shares went up by $1 per month over the course of that year. Large uses the fair value method to report this investment. What should Large report, as of December 31, Year One, as its Investment in Small? $414,000 $432,000 $592,000 $600,000