Question 13 Save Aswer 4 points. On January 1, 2020, Shannon Company purchased a 22% interest in Urban Company's common stock for $250,000 Shannon attempted to obtain representation on Urban Company's board of directors but failed to do so. Shannon does not have any material intercompany transactions, interchange of management personnel, or technological dependency with Urban Company. During 2020, Urban Company earned $150,000 in net income and paid $80,000 in cash dividends on its common stock. On December 31, the fair value of Shannon's investment in Urban Company was $275,000. What is the balance in Shannon Company's investment account for Urban Company at the end of 20207 OA. $234,600 OB. $275,000 OC $250,000 OD $265,400