Paul Company purchased 60% of Dandy Company's stock for $180,000 on 4/1/X1. On 1/1/X1, Dandy reported $100,000 of Capital Stock and $100,000 of Retained Earnings. No assets could be identified as being mis-valued by the appraiser. Assume that Dandy Company reported the following quarterly earnings information for year X1: Q1 Q2 Q3 Q4 Total Net Income 100,000 110,000 100,000 130,000 440,000 Dandy paid $20,000 of dividends on 4/15/X1 and $20,000 on 12/30/X1. On 12/31/X1, Paul should report its Dandy Investment at which of the following amounts? Select one: a. $360,000 b. $384,00 c. $424,000 d. $444,000 e. None of the Above