On January 1, 20x8, Uncle Corporation purchased 30% of the common stock outstanding of Tim Corporation. During 20x8, Tim Corporation reported net income of $300,000 and paid cash dividends of $100,000. The balance of the stock investments- Tim account on the books of Uncle Corporation at December 31, 20x8, was increased by________.

Select one:

a. $0

b. $60,000

c. $30,000

d. $90,000