Puta Company acquires 40% of the voting stock of Stanton Corporation for $8,000,000 on January 1, 2016. At the time, the book value of Stanton was $15,000,000 and the excess paid over book value is attributed to previously unrecorded intangibles with an estimated remaining life of 10 years. Straight-line amortization is appropriate. During 2016, Stanton reported net income of $2,500,000 and paid dividends of $600,000. Both companies have December 31 year-ends, and there is no impairment of the investment. What is the investment balance on December 31. 2016, reported on Potter's balance sheet?

a. $7,760,000

b.$8,200,000

c.$8,560,000

d. $8,000,000