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Oriole Company purchased 300 of the 1000 outstanding shares of Skysong Company's common stock for $510000 on January 2, 2021. During 2021, Skysong Company declared

Oriole Company purchased 300 of the 1000 outstanding shares of Skysong Company's common stock for $510000 on January 2, 2021. During 2021, Skysong Company declared dividends of $55000 and reported earnings for the year of $310000. If Oriole Company used the fair value method of accounting for its investment in Skysong Company, its Equity Investments (Skysong) account on December 31, 2021 should be

A.$493500.

B.$603000.

C.$586500.

D. $510000.

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