Harrison Co. owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2013, Taylor earns $1,200,000 and pays cash dividends of $960,000.

If the beginning balance in the investment account was $750,000, the balance at December 31, 2013 should be

Question 22 options:

$1,230,000.

$990,000.

$846,000.

$750,000.