Exercise 7-05 a-d (Part Level Submission) Sunland Company has a balance in its Accounts Payable control account of $8,680 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,990; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases Payments Returns $6,620 $6,430 $ 0 5,700 1,840 3,040 6,465 6,810 0 (a) What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $