The Greenpath Corporation's (Greenpath)balance Sheet Shows Assets of $800,000 and Liabilities

Multiple Choice

The Greenpath Corporation's (Greenpath) balance sheet shows assets of $800,000 and liabilities of $300,000.In addition,the company has an unrecorded intangible asset with a value of $100,000 and a 10-year useful life.On January 1,20X1,the Montana Corporation acquires 30% of Greenpath's outstanding stock for $290,000.In 20X1,Greenpath reported net income of $90,000 and paid dividends of $20,000.In 20X2,Greenpath reported net income of $110,000 and paid dividends of $50,000.If the equity method is being applied to this investment,what is the reported balance for the investment account at the end of 20X2?

A) $311,000
B) $302,000
C) $323,000 D $317,500