Company A purchased 8,500 shares of Company B common stock for $50 per share on January 1, 2021. Company B reported net income of $130,000 for 2021 and paid dividends of $30,000 during the year. As of December 31, 2021, the market value of Company B common stock was $52 per share. Assuming that the shares owned by Company A represent 35 percent of the total outstanding stock of Company B, Company A should report the long-term investment on December 31, 2021, at a carrying value of: a. $470,500. b. $460,000. c. $442,000. d. None of the above