Sampson, Inc. acquired a 40% interest in ZKI Corporation on December 31, 2022 for $2,228,000. During 2023, ZKI had net income of $1,003,000 and paid cash dividends of $853,000. At December 31, 2023, what should be the balance in the Investment in ZKI account?

a) $60,000

b) $2,288,000

c) $2,970,400

d) $401,200