3. Kenan Co. owns 15,000 of the 60,000 outstanding ordinary shares of Taylor, Inc. During 2011. Taylor earns $600,000 and pays cash dividends of $525,000. If the beginning balance in the investment account was $400,000, the balance at December 31, 2011 should be (3 Points) $418,750. 5550.000 5464,000 $400,000