Ajax Beverages holds 40% of the stock of Bubbly Bottler, acquired at a cost equal to 40% of Bubbly's book value at the time of purchase, and reports the investment using the equity method. At the start of the current year, Ajax reports the investment at a balance of $1,000,000. Bubbly reports net income of $200,000 and $10,000 in other comprehensive losses for the current year. Bubbly also declares $50,000 in dividends. The market value of Ajax's investment in Bubbly stock increases by $20,000 during the year. At what amount does Ajax report the investment at the end of the year? Select one: 0 a. $1,076,000 b. $1,084,000 c. $1,056,000 Od. $1,020,000