David, Inc. used the equity method of accounting for its investment in Russell Company. At December 31, 2017, the investment account balance was $4,500 after all adjustments were recorded. The following is additional information

David's share of Russell's' 2017 net income	$2,300
David's share of 2017 depreciation of Russell equipment	100
David's dividends received from Russell in 2017	700

What was the January 1, 2017 balance in Investment in Russell Company?

a. $2,300

b. $2,900

c. $3,000

d. $3,800