The Y Company has $100,000$ of its shares trading on the New York Stock Exchange. On January $2$d$,,2021,$ XCompany purchases $20,000$ of Y$\text{'}$s common shares for $$700,000.$ The purchase of this block of common shares gives X a significant ability to influence the operating, investing, and financing decisions of Y$.$In $2021,$ Y reported net income of $$115,000$ and dividends declared and paid were $$65,000.$In $2022,$ Y reported net income of $$120,000$ and paid dividends of $$70,000.$At January $22$d$,,2023,$ X sold $5,000$ of its common shares in Y leaving X with an ownership of $15,000$ common sharesin Y Company. Y$\text{'}$s shares at this date was trading at $$50\mathrm{.}00$ per share.At December $31\%.2023,$ Y reported net income of $$130,000$ and paid dividends of $$75\mathrm{.}000.$Required:$-$i$.$What is the balance in the investment account for the investment of X in Y$\text{'}$s common shares at December