On January 1 of Year 1, Taraz Company purchased 4,500 shares of the common stock of Company A for $337,500. At the time, Company A had atotal of 11,250 common shares outstanding. Accordingly, Taraz purchased 40% of the outstanding shares of Company A. During Year 1, Company Apaid cash dividends totaling $35,000. Company A also reported net income of $75,000 during Year 1. On December 31 of Year 1, the market value of Company As common stock was $70 per share. On Taraz Companys books,what amount should be reported as Investment in Company A as of December 31 of Year 1?

$353,500

$315,000

$331,000

$377,500

$367,500

$337,500