P Corporation paid $140,000 for a 70% interest in S Inc. on January 1, 2014, when S had 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 S inc amount in P Corporation books On December 31, 2014 if it used equity methods. Select one: O a. 147,500 O b. 150,000 C. 150,500 d. 157,500