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At the beginning of the year, Douglas Company purchased 17,400 of the 290,000 shares of common stock of Herrmann Corporation at $30 per share as a long-term investment. The records of Hermann Corporation showed the following by the end of the year: What amount should Douglas Company report in its year-end balance sheet for its investment in Herrmann? Mutipie Chaice $487.200 $555,600 $570.600 $522.000