On January 2, 20X5 Moon Corporation acquired 20 percent of the outstanding shares of Star Company. Star Company reported net income of $75,000 and paid dividends of $30,000 in 20X5; and reported net income $90,000 and paid dividends of $40,000 in 20X6. Moon is considered to have significant influence over the operations of Star. If Moon reports its investment in Star as $89,000 at year end 20X6, at what amount did moon acquire Star in January 20X5?

A. $51,000 B. $70,000 C.$79,000 D. $89,000