Spider Co. purchases 40% of Ladybug Co. for $1,550,000 in cash on January 1, 2017. The book value of Ladybug Co. on that date was $800,000. Spider Co. also paid $25,000 in accounting fees. The only asset with a fair value difference was land undervalued by $200,000. The income earned by Ladybug Co. for 2017 was $300,000 and dividends paid were $50,000. Prepare journal entries for the transactions of purchase, receiving income, dividends & amortization. Calculate ending investment balance