On July 1, 20X0, as a Long-Term Investment in Available-For-Sale

Multiple Choice

On July 1, 20X0, as a long-term investment in available-for-sale securities, Wildlife Supply Company purchased 6,000 shares of the preferred stock (non-voting) of Nature Company for $30 per share (18,000 shares outstanding) . The records of Nature Company reflect the following: $$\begin{array} { | l | r | } \hline 20X0 \text { net income } & \$ 60,000 \\\hline \text { Dividends declared and paid during December, 20X0 } & \$ 6,500 \\\hline \text { December 31, 20X0 market price per share } & \$ 27.00 \\\hline\end{array}$$ The amount reported on the statement of financial position by Wildlife Company for its investment at December 31, 20X0 would be which of the following?

A) $160,000
B) $162,000
C) $182,000
D) $200,000