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31 2.5 pts On January 1, 2021, Nana Company paid $100,000 for 7,800 shares of Papa Company common stock. The ownership in Papa Company is

31 2.5 pts On January 1, 2021, Nana Company paid $100,000 for 7,800 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $51,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $57 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021? $399,600 $444,600 $369,600 $384,600

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