Bailey Corporation accounts for its 35% investment in Carnes Corporation using the equity method of accounting The investment was made on January 2, 2020, at a cost of $450,000. During 2020, Cames 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 O A. $429,000 OB. $450,000 O C. $471.000 OD. S510,000