The Mon Corporation acquired a 30% interest in the Soon Company on 1/1/2014 for $600,000. At that time, Soon had 2,000,000 shares of its common stock issued and outstanding. During 2014, Soon paid cash dividends of $20,000 and thereafter declared and issued a 5% common stock dividend when the market value was $2 per share. Soon's net income for 2014 was $120,000. What should be the balance in Mon's investment in Soon Co. account at the end of 2014? ( Assume the company uses the equity method to record the investments) Multiple Choice-

a-$600,000 , b-$636,000, c-$630,000 ,d-$570,000