P Ltd acquired a 40% interest in S Ltd for $60 000. P Ltd is part of a consolidated group. In the financial period immediately following the date on which it became an associate, S Ltd generated profits after tax of $32 000 and paid a dividend of $6 000. After equity accounting has been applied, the balance in the investors account shares in associate is: a. $40 700 b. $72 800 c. $86 000 d. $70 400 e. $60 000