Question 8 (10 points) On January 1, 2021, Fargo Corporation purchased a significant influence shares investment in Concord Corporation for $200,000. This investment balance represents 25% of the equity of the Concord Corporation. During 2021, Concord Corporation reported Net Income of $70,000 on November 15, 2021 Concord Corporation paid cash dividends of $20,000 to its shareholders. Using this information, what is the 2021 year end balance in Fargo Corporations Investment in Concord Corporation account? Enter as whole dollars (no cents). Your Answer: Answer