Rabbit Co. is in the carrot production business and Baker Co. Is in the cake baking business. On January 1, 2017, Rabbit and Baker decided to incorporate a 3rd company called Carrot Cake Co. whi will be responsible for producing and selling carrot cakes to the Canadian and American markets. Carrot Cake Co. is jointly controlled by Rabbit and Baker, but is 25% owned by Rabbit and 75% owned by Baker. Upon incorporation, Rabbit Co. contributed $40,000 for 25% of the common shares, and Baker contributed $120,000 for 75% of the common shares. In 2017, Carrot Cake Co. had $65,000 in net income, and declared and paid dividends of $18,000.

Required: At the end of 2017, after the accounting entries have been posted for its investment in Carrot Cake Company, what will the balance be in Baker's Investment account? (do NOT include commas, dollar signs, or decimals) (Hint: A separate investment vehicle has been formed. This indicates the method that you should be using to account for the investor's share of the investment.)