12. Milani, Inc., acquired 10 pereent of Seida Corporation on January 1, 2020, for $190,000 and appropriately accounted for the investment using the fair-value method. On January 1, 2021, Milani purchased an additional 30 percent of Seida for $600,000 which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $2,000,000 in total. Scida's January 1,2021, book value equaled $1,850,000, although land was undervalued by $120,000. Any additional excess fair value over Seida's book value was attributable to a trademark with an eight- year remaining life. During 2021, Seida reported net income of $300.000 and declared and paid dividends of $110,000. On December 31 , 2021 , what is the balance of Milani, Inc.'s investment in Seida Corporation? A. $874,500 B. $918,500 C. $962,500 D. $674,500