On July 1, 2014, as a Long-Term Investment in Available-For-Sale

Multiple Choice

On July 1, 2014, as a long-term investment in available-for-sale securities, Wildlife Supply Company purchased 6,000 of the 18,000 outstanding shares of the nonvoting preferred stock of Nature Company for $30 per share. The records of Nature Company reflect the following: $\begin{array}{lr}2014 \text { net income } & \$ 60,000 \\\text { Dividends declared and paid during December, } 2014 & \$ 6,500 \\\text { December } 31,2014 \text { market price per share } & \$ 27\end{array}$ The amount reported on the balance sheet by Wildlife Company for its investment at December 31, 2014 would be which of the following?

A) $179,800.
B) $162,000.
C) $182,000.
D) $197,800.