Question 3 5 pts At 30 June 2019, Investor Ltd purchased 40% of the shares of its associate, Associate Ltd. The following information relates to the investment in the associate. The investment originally cost $500 000. The fair value of the net assets of Associate Ltd at the date of acquisition was $1 100 000. The net profit after tax of Associate Ltd for the year ended 30 June 2020 was $200 000. During the year ended 30 June 2020, Associate Ltd paid a dividend of $20 000. During the year ended 30 June 2020, Associate Ltd sold Investor Ltd inventory at a profit before tax of $85 000. Half of the inventory is still on hand. The tax rate is 30%. . . . Using the equity method, what is the amount of Investor Ltd's investment in Associate Ltd at 30 June 2020? (Please enter a numerical value without "$".)