Question 12 Not yet answered Marked out of 1.50 P Flag question P Co purchased 90% of S Co common stock at its book value of $200,000 on 1/1/2020. During 2020,S reported net income of $65,000 and paid dividends of $20,000, by using equity methods At what amount should P co reported the Investment in S account on 31/12/2020 Select one: a. 240,500 b. 245,000 c. 265,000 lo d. 200,000