Jaynes Inc. acquired all of Aaron Co.'s common stock on January 1, 2020, for $187,000. On that date, Aaron reported a net book value of $120,000. However, its equipment (with a five-year remaining life) was undervalued by $6,000 in the company's accounting records. Any excess of consideration transferred over fair value of assets and liabilities acquired is assigned to an unrecorded patent to be amortized over ten years. The following figures came from the individual accounting records of these two companies as of December 31, 2020: Revenues Expenses Investment income Dividends paid Jaynes Inc. Aaron Co. $ 720,000 $ 276,000 528,000 144.000 Not given 100,000 60,000 The following figures came from the individual accounting records of these two companies as of December 31, 2021: Aaron Co. $ 336,000 180,000 Revenues Expenses Investment income Dividends paid Equipment Retained earnings, 12/31/21 balance Jaynes Inc. $ 840.000 552,000 Not given 110,000 600,000 960,000 50.000 360,000 216,000 What balance would Jaynes' Investment in Aaron Co. account have shown on December 31, 2021. when the equity method was applied for this acquisition? 16 144.000 Investment income Dividends paid 528,000 Not given 100,000 60.000 The following figures came from the individual accounting records of these two companies as of December 31, 2021 Revenues Expenses Investment income Dividends paid Equipment Retained earnings, 12/31/21 balance Jaynes Inc. Aaron Co. $ 840,000 $336,000 552,000 180,000 Not given 110,000 50,000 600,000 360,000 960,000 216,000 What balance would Jaynes' Investment in Aaron Co. account have shown on December 31, 2021, when the equity method was applied for this acquisition? HTML Editor IC - P LE1 x , EE