Pennington Company has a balance in its Accounts Payable control account of $8,518on January 1, 2014. The subsidiary ledger contains three accounts: Hale Company, balance $2,914; Janish Company, balance $1,868; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases	Payments	Returns
Hale Company	$6,938	$6,265	$ -0-
Janish Company	5,711	1,868	3,409
Valdez Company	6,547	6,193	-0-

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