On January 2, Year 1, Ray's Radios, Inc. purchases 1% of the outstanding shares of Bill's Electronics, Corp. for $25,000. During Year 1, Bill's earns $140,000 and Ray's receives a dividend of $800 from Bill's. On December, 30, Year 1 Bill's stock has a 2-for-1 split. What amount is shown in Ray's balance sheet at the end of Year 1 as investment in Bill's Electronics Corp.? O $25,000 $25,600 O $25,800 $50,000