On January 1, 2021, Goyeche Corporation purchased 30% of the common shares of Grafenburg Limited for $400,000. During 2021, Grafenburg Limited paid cash dividends of $60,000 and had profit of $300,000. During the same period, Goyeche earned $500,000 and paid dividends of $125,000. Both corporations have a December 31 year end. On December 31, 2021, the balance in Goyeche's Investment in AssociateGrafenburg Common Shares account is

Select one:

A.

$192,000.

B.

$400,000.

C.

$640,000.

D.

$472,000.

Clear my choice