On January 1 of the current year. Winters corporation acquired 10% of of the outstanding, stock of the summer corporation for $420,000. For the current year, in Summers corporation reported net income of $80,000 and paid cash dividends of $25,000. At the end of the year, the carrying value of winters investments in summers corporation would be ?

EG $428,000. $420,000. o $425,500 O $500,000