a. 285.000

b. 255.000

c. 225.000

d. 245.000

Plate Corporation acquired 75 percent of the stock of Silver Company on January 1, 20X7, for $225,000. At that date, the fair value of the noncontrolling interest was $75,000. Silver's balance sheet contained the following amounts at the time of the combination: $ $ Cash Accounts Receivable Inventory Buildings and Equipment (net) Total Assets 40,000 40,000 20,000 300,000 400,000 Accounts Payable Bonds Payable Common Stock Retained Earnings 50,000 50,000 100,000 200.000 400,000 $ $ During each of the next three years, Silver reported net income of $30,000 and paid dividends of $10,000. On January 1, 20X9, Plate sold 1,500 shares of Silver's $10 par value shares for $60,000 in cash. Plate used the fully adjusted equity method in accounting for its ownership of Silver Company. Based on the preceding information, what was the balance in the investment account reported by Plate on January 1, 20X9, before its sale of shares