12. On January 1, 20X4, Pony Company acquired 30% of Stallion Company's common stock for $200,000. Stallion has 80,000 shares of $10 par value, 6 percent cumulative preferred stock outstanding. Stallion reported net income of $250,000 for 20X4 and paid total dividends of $80,000. At end of the year, fair value of Stallion's common stock was $250,000. What amount would be Pony's investment in Stallion on December 31, 20X42 OA $250,000 OB. $275,000 OC. $251,000 D. S301,000