Parent Inc. purchased all of the outstanding shares of Sub Ltd. on January 1, Year 1 for $214,000.Amortization of the acquisition differential amounted to $16,000 in each of Years 1 and 2.Parent Inc. reported net income of $100,000 in Year 1 and $110,000 in Year 2, and paid $40,000 in dividends each year.Sub Ltd. reported net income of $33,000 in Year 1 and $39,000 in Year 2, and paid $8,000 in dividends each year.What is the Investment in Sub Ltd. balance on Parent's books as at December 31, Year 2, if the equity method has been used?

a. $238,000

b. $246,000

c. $286,000

d. $278,000