On January 1, 2017, Valentine Corporation Purchased 25% of the Common

Multiple Choice

On January 1, 2017, Valentine Corporation purchased 25% of the common stock outstanding of Betz Corporation for $200,000. During 2017, Betz Corporation reported net income of $80,000 and paid cash dividends of $48,000. The balance of the Stock Investments-Betz account on the books of Valentine Corporation at December 31, 2017, is

A) $200,000.
B) $208,000.
C) $220,000.
D) $192,000.