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Question $8$

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$x$ acquires $30\%$ of the outstanding shares of $Y$ common stock for $$750,000.$ During $2021,Y$ earns $$1,200,000$ and pays cash dividends of $$960,000.$ The balance at December $31,2021$ should be

a$.$ $$846,000.$

b$.$ $$1,230,000.$

c$.$ $$822,000.$

d$.$ $$750,000.$