Peters Corporation purchased 100 percent ownership of Silver Products on January 1,20X1, for $59,000, at which time Silver Products reported retained earnings of $11,000 and capital stock outstanding of $29,000. The differential was attributable to patents with a life of eight years. Income and dividends of Silver Products were: What is the balance of the Investment in Silver account on Peters' balance sheet at December 31, 20X3, after all required equity-method entries have been recorded? $101,875 $104,125 $109,000 $107,375