On July 1, 2019, Tremen Corporation acquired 48% of the shares of Delany Company. Tremen paid 200,000 for the investment, and that amount is exactly equal to 48% of the fair value of identifiable net assets on Delany's statement of financial position. Delany recognized net income of 35,000 for 2019, and paid 22,000 dividends to its shareholders. After all closing entries are made, Tremen's "Investment in Delany Company" account would have a balance of: Select one: A. 206,240 B. 216,800 C. 210,560 D. 200,000