Assume that, on January 1, 2018, Matsui Co. paid $1,296,000 for its investment in 48,000 shares of Yankee Inc. Further, assume that Yankee has 240,0o0 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $480,000 at January 1, 2018. The following information pertains to Yankee during 2018: Net Income $240,000 $72,000 Dividends declared and paid Market price of common stock on 12/31/2018 29/shar What amount would Matsui report in its year-end 2018 balance sheet for its investment in Yankee? Multiple Choice O $1,329,600. None of these answer choices are correct $1,608,000. $1,368,000