On January 3, 2018, Matteson Corporation acquired 30 percent of the outstanding common stock of O'Toole Company for $1,450,000. This acquisition gave Matteson the ability to exercise significant influence over the investee. The book value of the acquired shares was $910,000. Any excess cost over the underlying book value was assigned to a copyright that was undervalued on its balance sheet. This copyright has a remaining useful life of 10 years. For the year ended December 31, 2018, O'Toole reported net income of $354,000 and declared cash dividends of $40,000. At December 31, 2018, what should Matteson report as its investment in O'Toole under the equity method? Investment