18. Assume that Hamilton Corp acquired 25% of the common stock of Logan Corp. on January 1 for $300,000. During the year Logan Corp. reported net income of $160,000 and paid total dividends of $60,000. If Hamilton uses the equity method to account for its investment, the balance in the investment account on December 31 will be a. $300,000. b. $325,000. c. $400,000 d. $340,000