Crane Company owns 23,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2021, Taylor earns $1,180,000 and pays cash dividends of $945,000. If the beginning balance in the investment account was $740,000, the balance at December 31, 2021 should be $975,000 $1,282,800 $848,100 $740,000