Broncos Limited acquired a 30% interest (significant influence) in Bennett Limited for $54,000. Broncos Limited does not prepare consolidated financial statements. Bennett Limited revalued its buildings upwards by $20,000 during the current financial period. The balance of the investment in associate account at the end of the current financial period is:

Select one:

A.

$54 000

B.

$60 000

C.

$36 200

D.

$22 200