Yard Corp. acquired 100% of Boats Inc. on January 1, 2013, at a price in excess of the fair value of the subsidiary's identifiable net assets. At the acquisition date, Yards buildings (20-year life) had a book value of 950,000 but a fair value of 3,800,000. Boats had buildings (25-year life) with a book value of $600,000 and a fair value of 1,000,000. For both companies, book values equaled fair values for all other identifiable asset and liabilities. Yard used the initial value method" to record its invevstment in Boats. On December 31, 2015, House had buildings with a book value of $840,000 and a fair value of $4,000,000. Boats had buildings with a book value of $870,000 and a fair value of $3,200,000. (Assume none of the buildings related to the acquisition had been sol What is the consolidated balance (net) for the Buildings account as of December 31, 2015?