On July 1, 2018, Tremen Corporation acquired 40% of the shares of Delany Company. Tremen paid $4,000,000 for the Investment, and that amount is exactly equal to 40% of the book value of Identifiable net assets on Delany's balance sheet. Delany recognized net income of $2,000,000 for 2018, and paid $150,000 of dividends each quarter to its shareholders. After all closing entries are made, Tremen's "Investment In Delany Company" account would have a balance of: Multiple Choice $4,740,000 $4,280,000 $4,370,000 $4,560,000