On January 2, 2023, Ralcorp Company in Oak Brook, Illinois purchased a 30 percent interest in Tree House Foods Company for $250,000. Tree House Foods reported net income of $100,000 for 2023 and declared and paid a dividend of $10,000. Ralcorp accounts for this investment using the equity method. In its December 31, 2023, balance sheet, what amount should Ralcorp report as its investment in Tree House Foods? Multiple Choice $160,000 $223,000 $277,000 $340,000