Rulers, Inc. acquired 30% of Protractor Co's voting stock for $200,000 on January 1, 2019 in order to exercise significant influence over Protractor's operating and financial policies. Protractor had equipment with a book value of $60,000 that was actually worth $160,000. The equipment had a remaining useful life of 5 years. During 20X9, Protractor reported net income of $80,000 and paid dividends of $50,000. What is the ending balance of the Investment in Protractor at December 31, 2019?

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