On January 1, 2020, Jimmy Co. acquires 25% of Denny Co.'s outstanding common stock for $400,000. This stock purchase gives Jimmy the ability to exercise significant influence over Denny. During 2020, Denny declares and pays a total cash dividend of $200,000. For the year ending 12/31/20, Denny reports a net income of $800,000. In Jimmy's 12/31/20 balance sheet, this investment in Denny's stock (i.e., the balance in "Stock Investments") will be reported at which of the following amounts?

a. $550,000 b. $500,000 c. $400,000 d. 450,000