Parent Company purchased 100% of Small Inc. on January 1, 2018 for $420,000. Son reported earnings of $82,000 and declared dividends of $4,000 during 2018. Based on the preceding information and assuming Parent uses the cost method to account for its investment in Small, what is the balance in Parent's Investment in Small account on December 31, 2018, prior to consolidation? 0 $420,000 $424,000 O $416,000 O None of these