The DeBlois Family Co. acquired Orange Beach Co. with a $500,000 payment, obtaining 100% of the company's stock, on January 1, 2023. The book value of Orange Beach on the date of acquisition was $425,000. $50,000 of the excess payment was attributable to equipment with a $10-year remaining life. The remainder of the excess payment was not attributable to any identifiable item. Orange Beach reported 2023 net income of $100,000 and declared and paid dividends of $25,000.

Under the equity method of internal accounting, what is the change in investment balance of Orange Beach reported on DeBlois Family's balance sheet at December 31, 2023?

A. $570,000

B. $125,000

C. $70,000

D $100,000