Zimmerman Company manufactures two products, Board 12 and Case 165. Zimmerman's overhead costs consist of setting up machines, $2,400,000 ; machining , $5,400,000 ; and inspecting $1,800,000 . Information on the two products is: Direct labor hours Machine setups Machine hours Inspections Board 12 15,000 600 24,000 800 Case 165 25,000 400 26,000 700 Overhead applied to Board 12 using activity-based costing is

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?