On January 2, Year 1, Barber Company purchased 7,300 shares of Convell Company for $82,500. Convell Company has a total of 36,500 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 $95,000 and $90,000 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 $107,090. $70,090 $120,960