On January 1, 2021, Nana Company paid $100,000 for 8,800 shares of Papa Company common stock. The ownership in Papa Company is 10\%. Nana Company does not have significant influence over Papa Company. Papo reported net income of $60,000 for the year ended December 31,2021 . The fair value of the Papa stock on that date was $52 per share. What amount will be reported in the bulance sheet of Nana Company for the investment in Papa at December 31,2021 ? Muitple Choice $457600 $392,600 $412,600. $397.600