On January 2, 2023, Fidel Corp. purchased 200 of the 1,000 outstanding common shares of Rindu Ltd. for $60,000. During 2023, Rindu declared total cash dividends of $10,000 and reported net income for the year of $40,000. If Fidel uses the cost model to account for its investment in Rindu, Fidels Investment in Rindu Ltd. account at December 31, 2023 should be:

a. $58,000.

b. $60,000.

c. $66,000.

d. $68,000.