On January 1, 2017, Flint Corporation purchased 20% of the outstanding voting common stock of White Company for $600,000. For the year ended December 31, 2017, White reported net income of $250,000 and paid cash dividends of $50,000. The fair value of the shares on December 31, 2017 was $590,000. What is the carrying value of Flints investment in White at December 31, 2017?

$600,000

$640,000

$590,000

$660,000