Mitchell Company owns 40,000 of the 100,000 outstanding common shares of Pitts Inc. and accounts for this investment using the equity method. During 2020, Pitts earns $640,000 and pays cash dividends of $480,000. If the beginning balance in Mitchell's investment account was $430,000, the balance at December 31,2020 should be $366,000$430,000$494,000$686,000