20) During January 2017, wells, Inc. acquired 30% of the outstanding common stock of Wilton Co. for $1,400,000. This investment gave Wells the ability to exercise significant influence over Wilton. Wi that date were recorded at $6,400,000 with liabilities of $3,000,000. Any excess of cost over book va lton's assets on ue of Wells investment was attributed to unrecorded patents having a remaining useful life of ten years. In 2017, Wilton reported net income of $600,000. For 2018, Wilton reported net income of $750,000. Dividends of S200,000 were paid in each of these two years. What was the reported balance of Wells' Investment in Wilson Co at December 31,2018? 20) A) $1,054,300. B) $1,485,000. C) $1,685,000. D) $1,609,000. E) $1,647,000