Bharrat Corporation purchased 39% of Ferris Corporation for $111,000 on January 1. On October 17 of the same year, Ferris Corporation declared total cash dividends of $23,000. At year-end, Ferris Corporation reported net income of $71,000. The balance in the Bharrat's Equity Method Investments- Ferris account at December 31 should be: Multiple Choice $111,000. $102,030. $138,690. $92,280. $129,720.