Assume that, on January 1, 2024, Matsui Company paid $1,142,400 for its investment in 40,800 shares of Yankee Incorporated Further, assume that Yankee has 170,000 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $340,000 at January 1, 2024. The following information pertains to Yankee during 2024: Net income $ 170,000 Dividends declared and paid $ 51,000 Market price of common stock on 12/31/2024 $ 30 per share What amount would Matsui report in its year-end 2024 balance sheet for its investment in Yankee? Multiple Choice $1,363,400 $1,261,400 $1,170,960 None of these answer choices are correct