8. On January 2, 2020, Fidel Corp. purchased 200 of the 1,000 outstanding common shares of Rindu Ltd. for $ 60,000. During 2020, Rindu declared total cash dividends of $ 10,000 and reported net income for the year of $ 40,000. If Fidel uses the equity method of accounting for its investment in Rindu, Fidels Investment in Rindu Ltd. account at December 31, 2020 should be

a) $ 68,000. b) $ 66,000. c) $ 60,000. d) $ 58,000.