January $1,2020$ Gerard Company purchased a $22\%$ interest in Urban Company's common stock for $$250,000.$ Gerrard attempted to obtain representation on Urban Company's board of $80.$ Gerrard does not have any material intercompany transactions, interchange o of management $1$ personnel, or technological dependency with Urban Company During $2020,$ Urtan Company named $$150,000$ in net income and paid $$80,000$ in cash dividends on its common stock. On December $31,$ the fair value of Gerrard's Investment in Urban Company $$275,000$ A$$er aporopnate adjustments, what should be the balance in Gerrard Company's investment account for Urban Company at the end of $2020?$ $$205400$ #$$275\mathrm{.}000$ CAVE $$204,000$ C$$250\mathrm{.}000$