Karter Company purchased $200$ of the $1,000$ outstanding shares of Flynn Company's common stock for $$300,000$ on January $2,2007.$ During $2007,$ Flynn Company declared dividends of $$50,000$ and reported earnings for the year of $$200,000.$ If Karter Company uses the equity method of accounting for its investment in Flynn Company, its Investment in Flynn Company account at December $31,2007$ should be

$$300,000$

$$290,000$

$($C$)$ $$330,000$

$($D$)$ $$340,000$