Peter Ltd, a parent company, has a 30% investment (and hence significant influence) in Parker Ltd for 10 years. Peter's accountant has mislaid the file of equity accounting memoranda and has asked you to reconstruct the information from the following data: The investment cost is $690 000. Parker made a $200 000 dividend appropriation in the final quarter of the current year. The dividend was from current year profit. The increase in Parker's reserves in the current year is due to an appropriation of profit. There is no need to make fair value adjustments to amounts reported by Parker. There are no intercompany transactions. Equities of Parker, under the cost basis, are at: Acquisition date Start of current year End of current year S S $ Paid-up capital 1 200 000 1 200 000 1 200 000 General reserve 800 000 900 000 1 000 000 Retained profits 500 000 1 000 000 In preparing memoranda journal entries to convert from the cost basis to the equity method of accounting for the current year, how much is the net increase for the account of Revenue from associate In preparing memoranda journal entries to convert from the cost basis to the equity method of accounting for the current year, how much is the net increase for the account of Revenue from associate? L elect one: A. $100,000 o B. $150,000 C. $60,000 O D. $180,000