Bailey Corporation accounts for its 35% investment in Carnes Corporation using the equity method of accounting. The investment was made on January 2, 2023, at a cost of $450,000. During 2023, Carnes Corporation reported $100,000 of income and paid $40,000 in dividends. After making all appropriate entries, the balance in Bailey Corporation's investment in Carnes Corporation common shares account will equal: Question 11 options: $429,000. $450,000. $471,000. $510,000