Agee Corporation acquired a 35% interest in Trent Company on January 1, 2019, for $750,000. At that time, Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2019, Trent paid cash dividends of $240,000 and thereafter declared and issued a 5% common stock dividend when the fair value was $2 per share. Trent's net income for 2019 was $540,000. What is the balance in Agee’s equity investment account at the end of 2019?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.