Sunshine Inc. acquired a 20% interest in Moonbeam Co. on December 31, 2020, for $45,000. During 2021, Moonbeam reported net income of $25,000, and paid a total cash dividend to all shareholders of $10,000. Sunshine uses the equity method to account for this investment. At the end of 2021, Sunshine will report the following debit balance in the investment account:

$45,000

$37,000

$48,000

$50,000