Pennington Company has a balance in its Accounts Payable control account of $8,388 on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,635; Janish Company, balance $1,695; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases	Payments	Returns
Hale Company	$6,793	$5,711	$ -0-
Janish Company	5,601	1,695	3,490
Valdez Company	6,049	6,449	-0-

(a) What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $