21. B&B transferred $400,000 of accounts receivable to a newly established subsidiary whose sole purpose was to buy and factor accounts receivable from B&B. B&B received a 65 percent interest in the subsidiary while another company contributed $140,000 cash to be a 35 percent owner. During the first year, the subsidiary reported $320,000 of revenue, $240,000 of expenses, and paid $48,000 of cash dividends. At what value will this variable interest entity be reported on B&B Products' balance sheet at year end, immediately prior to consolidation? A. $320,800 B. $264,800 C. $351,200 D. $420,800