Carnation Ltd purchased a 25% shareholding in Bloom Ltd on 1 January 2018 for $90 000. Bloom Ltds assets were recorded at fair values and its owners equity, totalling $350 000, was represented as follows:

Share capital		$100 000
General reserve		$60 000
Asset revaluation surplus		$50 000
Retained profits		$140 000

During July 2018, Bloom Ltd paid an interim dividend of $15 000. At 31 December 2018, Bloom Ltd reported:

Profit after tax for 2018		$64 000
Final dividend payable		$30 000
A transfer to the general reserve		$20 000
Increase of the asset revaluation surplus to		$80 000

The equity carrying amount of the investment in Bloom Ltd at 31 December 2018 is:

$106 000

$109 750

$102 250

$113 500