Noncontrolling investment accounting $($price different from book value$)$ On January $1,2022,$ an investor purchases for $$800,000$ a $15\%$ ownership in an investee. The investee's common stock has a readily determinable fair value. On January $1,2022,$ the book value of the investee's assets and liabilities equals $$1,800,000$ and $$500,000$ respectively. On that date, the appraised fair values of the investee's identifiable net assets approximated the recorded book values, except for a patent. On January $1,2022,$ the patent had a recorded book value of $an estimated fair value equal to $ $160,000$ and a $10$ year remaining useful life. During the year ended December $31,2022,$ the investee company reported net income equal to $$120,000$ and dividends equal to $ $80,000$ On December $31,2022,$ the fair value of the investor's share of the investee is $$900,000.$ Assume the investor cannot exert significant influence over the investee. Determine the balance in the Investment in Investee" account at December $31,2022.$ Select one: a $.$ $$803,600.$ $ $900,000$ $ $940,000$ d $$800,000$