On 1/1/X1, Park Company purchased 80% of Wuhan Company for $320,000. A the time Wuhan's equity included $200,000 of capital stock and $200,000 of retained earnings. During Year X1, Wuhan reported a loss of $100,000. Based on this information, Park's investment in Wuhan should be valued at which of the following amounts on 12/31/X1?

a.$220,000

b.$240,000

c.$320,000

d.$400,000

e.None of the Above