Pharoah Company purchased 300 of the 1000 outstanding shares of Wildhorse Company's common stock for $640000 on January 2, 2021. During 2021, Wildhorse Company declared dividends of $120000 and reported earnings for the year of $440000. If Pharoah Company used the fair value method of accounting for its investment in Wildhorse Company, its Equity Investments (Wildhorse) account on December 31, 2021 should be $772000. $604000. $640000. $736000.

I turned in 736000 and the system told me it is wrong? What am I doing wrong?