Sleeth Co. has an investment in shares of a public company that are temporarily restricted and may not be transferred or sold for a period of 18 months. Unrestricted shares of the public company are actively traded on the New York Stock Exchange and most analysts agree that the restriction would cause investors to discount the stock by 10%. The investment does not give Sleeth Co. control of the company or the ability to exercise significant influence over it. If Sleeth Co. reports this investment at fair value, what level of inputs will it indicate in its footnotes was used in the valuation? A. Level 1 B. Level 2 C. Level 3 D. falls under equity method