$3)$ On January $3,2021,$ ABC Co$.$ paid $$500,000$ for $25\%$ of the voting common stock of Pepsi Corp. At the time of the investment, Pepsi had net assets with a book value and fair value of $$1,800,000.$ During $2021,$ Pepsi incurred a net loss of $$60,000$ and paid dividends of $$100,000.$ Any excess cost over book value is attributable to goodwill with an indefinite life.

What is the balance in ABC$$s investment account at December $31,2021?$