On July 1,2010,as a Long-Term Investment in Available-For-Sale Securities,Wildlife Supply

Multiple Choice

On July 1,2010,as a long-term investment in available-for-sale securities,Wildlife Supply Company purchased 6,000 shares of the preferred stock (nonvoting) of Nature Company for $30 per share (18,000 shares outstanding) .The records of Nature Company reflect the following:



$\begin{array}{lccc}\text { 2010 net income} &\$ 600,000 \\\text { Dividends declared and paid during December, 2010 } &\$ 6,500\\\text { December 31,2010 market price per share} &\$ 27 \\\end{array}$
The amount reported on the balance sheet by Wildlife Company for its investment at December 31,2010 would be which of the following?

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