Assume that, on January 1, 2021, Sosa Enterprises paid $2,220,000 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 January 1, 2021, the book value of Orioles' identifiable net assets was $7,240,000, and the fair value of Orioles was $10,000,000. The difference between Orioles' fair value and the book value of its identifiable net assets is attributable to $1,900,000 of land and the remainder to depreciable assets. Goodwill was not part of this transaction. The following information pertains to Orioles during 2021: Net Income Dividends declared and paid Market price of common stock on 12/31/2021 $ 600,000 $360,000 $ 80/share What amount would Sosa Enterprises report in its year-end 2021 balance sheet for its investment in Orioles Co.? Multiple Choice O $2,400,000 O $2,316,750. $2,259,750. $2,420,000