JDR Company purchased 40% of the common stock of YRK Corporation on January 1, 2016, for $2,000,000 as a long-term investment. The records of YRK Corporation showed the following on December 31, 2016: 2016 net income $290,000 Dividends declared and paid during December, 2016 $20,000 At what amount should JDR report the YRK investment on the December 31, 2016 balance sheet?

Group of answer choices $2,096,000. $2,116,000. $2,108,000. $2,000,000.