D. $147,500 Question 5 Incorrect Mark 0.00 out of 2.00 Flag question Equity Method On January 1, Year 1, The Miller Corporation purchased 300,000 shares of The Mayfair Corporation for $5.7 million. The investment represented 30% of The Mayfair Corporation's outstanding common shares. During Year 1, Mayfair reported net earnings of $2.25 million and paid a cash dividend of $0.15 per share. During Year 2, Mayfair reported a net loss of $180,000 and again paid a dividend of $0.15 per share. Calculate the book value of Miller's investment in Mayfair as of December 31, Year 1, and December 31, Year 2. Year 1 $ Year 2 $ 6.33 x 6.23 x Finish rev