On January 1, 2006, Bangle Company purchased 30% of the voting common stock of sleat corp. for $1,000,000. During 2006, Sleat paid dividends of $80,000 and reported a net loss of $140,000. Annual amortization related to this investment was $50,000.
What is the balance in Bangle's "Investment in Sleat" account at December 31, 2006?
$884,000
$919,000
$968,000
$1,010,000
$730,000