On January 1, 2019, X Inc, purchased 12% of the voting shares of Y Inc. for $100,000. The investment is reported at cost. X does not have significant influence over Y. Y's net income and declared dividends for the following three years are as follows: 12019 2020 2021 Net Income $50,000 $70,000 $30,000 Dividends $20,000 $80,000 $60,000 What would be the carrying value of X's Investment in Y at the end of 2021? What would be the carrying value of X's Investment in Y at the end of 2021? Multiple Choice O $100,000 O $98,800 $90,000 $91,200