At the beginning of the year, Zesty Corporation purchased 10,000 shares of Scrumptious Company common stock for $80 per share. Scrumptious Company, which has issued 40,000 shares of stock, earned net income of $800,000 for the year and declared a cash dividend of $8 per share to stockholders.

At the end of the year, Scrumptious Company stock sells for $85 per share.

When Zesty Corporation prepares its balance sheet at the end of the year, what is the balance of the account for Equity InvestmentScrumptious Company?

Which method did you use to calculate the balance?