Skysong Corporation acquired a 34% interest in Sheridan Company on January 1, 2021, for $520,000. At that time, Sheridan had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2021, Sheridan paid cash dividends of $151,000 and thereafter declared and issued a 5% common stock dividend when the fair value was $2 per share. Sheridan's net income for 2021 was $353,000. What is the balance in Skysong's equity investment account at the end of 2021?

Balance in equity investment account: $