On January 1, 2017, Oak Corporation paid $900,000 for 87,500 shares of Beech Company's common stock, which represents 35% of Beech's outstanding common stock. Beech reported income of $300,000 and paid a cash dividend of $100,000 during 2017. Refer to Exhibit 13-1. Oak should report the investment in Beech Company on its December 31, 2017, balance sheet at Select one a. $970,000. b. $1,005,000. C$900,000. d. $935,000.