On January 1, 2019, X Company purchased a 30% interest in Y Company for $250,000. Y reported net income of $100,000 for 2019 and declared and paid a dividend of $10,000. X co using the equity method. In its December 31, 2019, balance sheet what amount should X report as its investment in Y? Select one: O a. 280,000 b. 250,000 c. 340,000 O d. 277,000 4