On January 1,2019,Turtle Inc

Multiple Choice

On January 1,2019,Turtle Inc.bought 30% of the outstanding shares of Shell Corporation common stock at a cost of $150,000.Turtle uses the equity method of accounting for this investment.During 2019,Shell Corporation reported $40,000 of net income and paid a total of $5,000 in cash dividends.At the end of 2019,the shares had a fair value of $160,000.
-What investment balance will be reported on Turtle's December 31,2019 balance sheet?

A) $150,000.
B) $162,000.
C) $160,500.
D) $170,500.