On 1 July 2021 Frank Ltd paid 1.2m for a 30% investment in the ordinary shares of Jerry Ltd. Two other investors own the remaining 70% and a contractual agreement identifies Jerry as a joint venture. Jerry's profit after tax for the year ended 31 December 2021 was 750,000. On 1 December 2021 Jerry sold goods for 300,000 to Frank, earning a margin of 20%. The items are still held in Frank's inventory at the year end. Which of the following correctly measures the "Investment in Joint Ventures" to be shown in the Consolidated statement of financial position for the Frank Group at 31 December 2021? a. 94,500 O b. 1,252,500 O c. 1,294,500 O d. 1,297,500 e. 1,312,500 O f. 1,515,000 g. None of the above