CALCULATOR PRINTER VERSION BACK Exercise 7-05 a-d (Part Level Submission) Crane Company has a balance in its Accounts Payable control account of $8,220 on January 1, 2020. The subsidiary ledger contains three accounts; Hale Company, balance $2,900; Janish Company, balance $1,500; and Valdez Company. During January, the following payable-related transactions occurred. Purchases Payments Returns Hale Company $6,770 $5,540 $0 Janish Company 5,290 1,500 2,940 Valdez Company 6,655 6:570 0 (a) What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez Company subsidiary account $ Click if you would like to Show Work for this question: Open Show Work