On January 2, 2021 Pod Company purchased 20% of the outstanding common stock of Jobs, Inc. and subsequently used the equity method to account for the investment. During 2021, Jobs reported net income of $840,000 and distributed dividends of $360,000. The ending balance in the Investment in Jobs Company account at December 31, 2021 was $640,000 after applying the equity method. What was the purchase price Pod Company paid for its investment in Jobs, Inc.? Select one: a. $472,000 O b. $736,000 c. $544,000 d. $940,000 e. $160,120