On January 1, 2017, Barry Corporation Paid $750,000 for 100,000

Multiple Choice

On January 1, 2017, Barry Corporation paid $750,000 for 100,000 shares of Oak Company's common stock, which represents 40% of Oak's outstanding common stock. For the year ending December 31, 2017, Oak reported net income of $190,000 and declared and paid cash dividends of $60,000. Barry should report the investment in Oak Company on its balance sheet at December 31, 2017 at:

A) $750,000.
B) $698,000.
C) $774,000.
D) $802,000.