on 1/1/2017 Assume that Home Corp. acquired 25% of the Ordinary shares of South Corp for $300,000 During 2017, South Corp. reported net income of $160,000 and paid total dividends $60,000. If Home uses the equity method to account for its investment, the balance in the gain from investment account on December 31, 2017, will be Select one: a. 40,000 b. 60,000 c. 100,000 d. 160,000