Kent Corporation Holds 1,900 Shares of Russell Corporation Common Stock

Multiple Choice

Kent Corporation holds 1,900 shares of Russell Corporation common stock as its sole long-term investment.Kent does not have significant influence or control over Russell.The stock was purchased during 2013 at a price of $120 per share.On December 31,2013,the market price of Russell's stock was $108 per share.On December 31,2014,the market price of Russell's stock was $136 per share.What should be reported as the carrying value of the investment on Kent's December 31,2013,and December 31,2014,balance sheets,respectively?

A) $228,000;$228,000
B) $205,200;$228,000
C) $205,200;$205,200
D) $205,200;$258,400