An analysis of Forest Hills Corporation's Investment in Marketable Securities account disclosed the following:

Debit entries $$160,000$

Credit entries $240,000$

Forest Hill's income statement included a $$40,000$ gain on sale of marketable securities and $$30,000$ dividend income from marketable securities$.$ All payments and proceeds relating to marketable securities transactions were in cash.

The am

ount of cash paid by Forest Hills Corporation in for the purchase of marketable securities was:

Select one:

a$.$ $$200,000$

b$.$ $$190,000$

c$.$ $$160,000$

d$.$ $$240\mathrm{.}000$