Pacer Company purchased 300 of the 1, 000 outstanding shares of Queen Companys common stock for $80,000 on January 2, 2016. During 2017, Queen Company declared dividends of $8,000 and reported earnings for the year of $20,000. If Pacer Company uses the equity method of accounting for its investment in Queen Company, its Investment in Queen Company account at December 31, 2017 should be

Refer to the facts below. If Pacer Company uses the lower of cost or market method of accounting for its investment in Queen Company, and the value of its investment hasnt changed, its Investment in Queen Company account on December 31, 2017, should be