On January 2, Year 1, Barber Company purchased 6,000 shares of Convell Company for $70,700. Convell Company has a total of 30,000 shares of common stock outstanding and it is presumed the Barber Company will have a significant influence over Convell. During each of the next two years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $82,000 and $77,000 for Year 1 and Year 2, respectively. What is the book value of Barber's investment in Convell at the end of Year 2? Multiple Choice $70,700. $92,300. $60,500. $102,500. $101,500