Scott Co. acquired 70% of Gregg Co. for $525,000 on December 31, 2021 when Greggs book value was $580,000. The Gregg stock was not actively traded. On the date of acquisition, Gregg had equipment (with a ten-year life) that was undervalued in the financial records by $250,000. One year later, the two companies provided the selected amounts shown below. Additionally, no dividends have been paid.

Scott Co. Gregg Co.

Book Value Book Value Fair Value

Current assets $912,000 $430,000 $458,000

Equipment 371,000 290,000 540,000

Buildings 584,000 210,000 210,000

Liabilities (564,000 ) (238,000 ) (238,000 )

Revenues (1,380,000) (590,000 )

Expenses 710,000 400,000

Investment income: Not Given

Using data and information above, what is the consolidated balance of the Equipment account at December 31, 2022?