P Corporation paid $140,000 for a 70% interest in S Inc. on January 1, 2014, when Shad Capital Stock of $50,000 and Retained Earnings of $100,000. Fair values of net assets were the same as recorded book values. During 2014, had income of $40,000, declared dividends of $15,000, On December 31, 2014, the Balance of investment in Sinc amount in P Corporation books On December 31, 2014 if it used equity methods. Select one: a. 150,500 b. 147.500 c. 157,500 d. 150,000 P Corporation paid $140,000 for a 70% interest in S Inc. on January 1, 2014, when Shad Capital Stock of $50,000 and Retained Earnings of $100,000. Fair values of net assets were the same as recorded book values. During 2014, had income of $40,000, declared dividends of $15,000, On December 31, 2014, the Balance of investment in Sinc amount in P Corporation books On December 31, 2014 if it used equity methods. Select one: a. 150,500 b. 147.500 c. 157,500 d. 150,000