Assume that horicon Corp acquired 25% of the common stock of Sheboygan Corp. on January 1 for $300,000. During the year Sheboygan Corp. reported net income of $160,000 and paid total dividends of $60,000. If horicon uses the equity method to account for its investments, the balance in the investment account on December 31 will be ?

O $300,000. O $340,000. O $325,0o0. $400,000. 13 20 21 38