On January 2, Year 1, Barber Company purchased 5,000 shares of Convell Company for $60,500. Convell Company has a total of 25,000 shares of common stock outstanding and it is presumed the Barber Company will have a significant influence over Convell. During each of the next two years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $72,000 and $67,000 for Year 1 and Year 2, respectively. What is the book value of Barbers investment in Convell at the end of Year 2?