Francis, Inc. acquired 40% of Park's voting stock on January 1, 2020, for $420,000. During 2020, Park earned $120,000 and paid dividends of $60,000. During 2021, Park earned $160,000 and paid dividends of $50,000 on April 1 and $40,000 on December 1. On July 1, 2021, Francis sold half of its stock in Park for $275,000 cash. What is the gain on sale of the investment if income was earned evenly throughout 2021?

A. $ 94,000

B. $ 47,000

C. $181,000

D. $ 39,000