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4. On January 1, Gar Company paid $600,000 for 20,000 shares of Med Company's comm ck, which repre- uence over Med. orted net income vestment in Med sents a 15 percent investment in Med. Gar does not have the ability to exercise significa Med declared and paid a dividend of $2 per share to its stockholders during the year. Me of $520,000 for the year ended December 31. The balance in Gar's balance sheet accou Company" at December 31 should be: a $560,000 b $600,000 C $638,000 d $678,000