Indianapolis Corporation makes an equity-method investment in Richmond Inc. at a purchase price of $4.42 million cash, representing 30% (at book value) of Richmond Inc. During the year, Richmond reports net income of $5,280,500 and Indianapolis receives $877,500 of cash dividends from Richmond. At the end of the year, the market value of Indianapoliss investment is $4.03 million. At year end, what does Indianapolis Corporation report on its balance sheet for its investment in Richmond Inc.?

	A.	$5,126,650
	B.	$4,420,000
	C.	$5,740,900
	D.	$5,280,500
	E.	None of the above