Maxlan Company holds a 30% stake in Pront Company which was purchased in 2017 at a cost of $6,000,000. After applying the equity method, the investment in Pront Company account has a balance of $6,040,000. At December 31, 2017 the fair value of the investment is $6,120,000. On its balance sheet at December 31, 2017, it would be acceptable for Maxlan to use I. $6,000,000 II. $6,040,000 III. $6,120,000