On January $1,2008,$ Turbo Corporation acquired $75$ percent of Tire Company's voting common

stock for $$300,000.$ At the time of the combination, Tire reported common stock outstanding of

$$200,000$ and retained earnings of $$150,000,$ and the fair value of the noncontrolling interest was

$$100,000.$ The book value of Tire's net assets approximated market value except for patents that had

a market value of $$50,000$ more than their book value. The patents had a remaining economic life of

ten years at the date of the business combination. Tire reported net income of $$40,000$ and declared

dividends of $$10,000$ during $2008.$ What balance will Turbo report as its investment in Tire at

December $31,2008,$ assuming Turbo uses the equity method in accounting for its investment?

A$.$ $$318,750$

B$.$ $$317,500$

C$.$ $$330,000$

D$.$ none of the above

The answer is A$,$ just need to see the work for it$.$