Sheridan Company has a balance in its Accounts Payable control account of $8,420 on January 1, 2022. The subsidiary ledger contains three accounts: Hale Company, balance $2,990; Janish Company, balance $1,920; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,900 $6,280 $0 Janish Company 5,470 1,920 2,720 Valdez Company 6.195 6,140 0 What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $