On January 1, 2020, Popper Corporation acquired 25 percent of the outstanding shares of Shalle Corporation for $100,000 cash. Shove Company reported net income of $75,000 and $85,000 in 2020 and 2021 respectively. Shalle also paid dividends of $20,000 and $30,000 in 2020 and 2021 respectively. The fair value of shares held by Popper was $110,000 and $105,000 on December 31, 2020 and 2021 respectively. Based on the preceding information, what amount will be reported by Popper as balance in Investment in Shove on December 31, 2021, if it used the equity method of accounting? OA $108,250 OB. $118,750 OC $127,500 OD. $140,000