Assume that, on January 1, 2024, Shlap Enterprises paid $4,000,000 for its investment in 60,000 shares of Dodger Company Further, assume that Dodger has 150,000 total shares of stock issued and estimates a ten-year remaining useful life and straight-line depreciation with no residual value for its depreciable assets. At January 1, 2024, the book value of Dodger' identifiable net assets was $8,000,000, and the fair value of Dodger was $12,000,000. The difference between Dodger' fair value and the book value of its identifiable net assets is attributable to $1,500,000 of land and the remainder to depreciable assets. Goodwill was not part of this transaction. The following information pertains to Dodger during 2024: Net income $ 800,000 Dividends declared and paid $ 600,000 Market price of common stock on 12/31/2024 $ 85 /share What amount would Shlap Enterprises report in its year-end 2024 balance sheet for its investment in Dodger Company? Multiple Choice $4,320,000 $4,080,000 $4,000,000 $3,980,000