On January 1, 2016, Green Corporation purchased 40% of the outstanding voting common stock of Gold Company for $300,650. The book value of the acquired shares was $275,700. 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 $125,950 and paid cash dividends of $25,450. What is the carrying value of Green's investment in Gold at December 31, 2016?

$300,650.

$290,470.

$340,850.

$335,860.