Eagle Exporters purchased $40,000$ of the $100,000$ outstanding shares of Giant Distributors"

"for $$2,000,000.$ Eagle has significant influence over Giant and will account for this investment"

"using the equity method. During the year, Giant declared dividends of $$140,000$ and reported Net Income of $$800,000.$ What is the balance in the Investment in Giant account at year end?"

$"$a$.$ $$1,736,000"$

$"$b$.$ $$2,660,000$ c$.$ $$1,340,000$ d$.$ $$2,264,000"$