46. On January 1, the P corporation paid $100,000 to purchase 7,400 shares of common stock from the S corporation. The P corporation does not have significant influence over the S corporation. The P corporation reported net income of $9,000. The fair market value of the "S" shares was $50 at that date. For what amount will the investment in S be reported in the statement of financial position as of December 31, 2021?

to. $330,000.

b. $370,000

c. $325,000.

d. $295,000.