Need a detailed explanation

Pare Inc. purchased 10% of Tot Co.'s 100,000 outstanding shares of common stock on January 2, Year 1, for $50,000. On December 31, Year 1, Pare purchesed an additional 20,000 shares of Tot for $150,000. There was no goodwill as a result of either acquisition, and Tot had not issued any additional stock during Year 1 . Tot reported eamings of $300,000 for Year 1 . What amount should Pare report in its December 31, Year 1 , balance sheet as investment in Tot? A. $170,000 B. $200,000 C. $230,000 D. $290,000