Assume that, on 1/1/11, Sosa Enterprises paid $5,100,000 for its investment in 36,000 shares of Orioles Co. Further, assume that Orioles has 120,000 total shares of stock issued and estimates an 8 year remaining useful life and straight-line depreciation with no residual value for its depreciable assets.At 1/1/11, the book value of Orioles’ identifiable net assets was $7,000,000, and the fair value of Orioles was $10,000,000. The difference between Orioles’ fair value and the book value of its identifiable net assets is attributable to $1,800,000 of land and the remainder to depreciable assets. Goodwill was not part of this transaction.The following information pertains to Orioles during 2011:

Net Income: 600k

Dividends declared and paid: 360k

Market price of common stock 12/31/11: 80/share

What amount would Sosa Enterprises report in its year-end 2011 balance sheet for its investment in Orioles Co.?