On July 1. 2021. Tremen Corporation acquired 35% of the shares of Delany Company. Tremen paid $3,150.000 for the lnwestment and that amount is exactly equal to 35% of the book value of identifiable net assets on Delany's balance sheet. Delany recognized net income of $1,100,000 for 2021 , and pald $160.000 of dividends each quarter to its shareholders. After all closing entries are made for the year ended December 31,2021 . Tremen's "Investinent in Defany Compiaty" account would have a balance of Muluple Cricice $3,280,500 $3,479,0000 $3701,250 $3342500