Assume that, on Jan 1 2013, Sosa Enterprises paid $3,000,000 for its investment in 36,000 shares of Orioles Co. Further, assume that Orioles has 120,000 total shares of stock issued and estimates an eight year remaining useful life and straight line depreciation with no residual value for its depreciable assets. At Jan 1 2013, the book value of Orioles identifiable assets was $7,000,000 and the fair value of Orioles was $10,000,000. The difference between Orioles fair value and the book value of its identifiable assets is attributable to $1,800,000 of land and the remainder to depreciable assets. Goodwill was not part of this transaction. The following information pertains to Orioles during 2013: Net Income $600,000 Dividends declared and paid $360,000 Market price of common stock on 12/31/2013 $80/share Question: What amount would Sosa Enterprises report in its year-end 2013 balance sheet for its investment in Orioles Co.? A) $3,200,000 B) $3,180,000 C) $3,135,000 D) $3,027,000