On January $1,2024,$ Nana Company paid $$100,000$ for $6,000$ shares of Papa Company common stock. The ownership in Papa Company is $10\%.$ Nana Company does not have significant influence over Papa Company. Papa reported net income of $$55,000$ for the year ended December $31,2024.$ The fair value of the Papa stock on that date was $$64$ per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December $31,2024?$

Multiple Choice

$$324,000$

$$309,000$

$$339,000$

$$384,000$