Refer to the Facts in the Previous Question

Multiple Choice

Refer to the facts in the previous question. If Pacer Company uses the lower of cost or market method of accounting for its investment in Queen Company, and the value of its investment hasn't changed, its Investment in Queen Company account on December 31, 2020, should be

A) $100, 000
B) $88,000
C) $80,000
D) $73,600