Problem 2-2 LO2,3 Part A On January 1, Year 5, Anderson Corporation paid $650,000 for 20,000 (20%) of the outstanding shares of Carter Inc. The investment was considered to be one of significant influence. In Year 5, Carter reported profit of $95,000; in Year 6, its profit was $105,000. Dividends paid were $60,000 in each of the two years. Required Calculate the balance in Anderson's investment account as at December 31, Year 6.