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Bubbly Corporation acquired 4 0 percent of the stock of Bolo Bottler at the beginning of 2 0 2 0 for $ 1 0 ,

Bubbly Corporation acquired 40 percent of the stock of Bolo Bottler at the beginning of 2020 for $10,000,000 and reports the investment using the equity method. When the investment was made, Bolo carried its net assets at $15,000,000. The basis difference was attributed entirely to goodwill. Bolos retained earnings increased from $2,000,000 to $2,400,000 and its accumulated other comprehensive income decreased from $200,000 to $150,000 in the period 2020-2024. During 2025, Bolo reported net income of $60,000, other comprehensive income of $10,000, and declared and paid $25,000 in dividends. Bubblys investment balance at the end of 2025 is
Select one:
a.
$10,160,000
b.
$10,174,000
c.
$10,018,000
d.
$10,158,000

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