On January 2, 2016, Perry Co. purchased a 30% interest in Van Horn, Inc. for $300,000. Fair values of Van Horns net assets exceeded book values due to land undervalued by $250,000. In 2016, Van Horn reported net income of $200,000 and paid no dividends. What is the amount of Equity Investment on the December 31, 2016, balance sheet?

Select one:

A. $300,000

B. $250,000

C. $410,000

D. $360,000