On January 1, 2016, Green Corporation purchased 22% of the outstanding voting common stock of Gold Company for $300,050. The book value of the acquired shares was $275,850. The excess of cost over book value is attributable to an intangible asset on Gold's books that was undervalued and had a remaining useful life of five years. For the year ended December 31, 2016, Gold reported net income of $125,400 and paid cash dividends of $25,250. What is the carrying value of Green's investment in Gold at December 31, 2016?

$317,243.

$300,050.

$294,495.

$322,083.