On January 1, 2017, Fargo Company purchased 30% of the common stock of Fairly Company for $80,000. The purchase was made at book value. Additional information for Fairly Company follows: Year Net Income Dividends Paid 2017 $20,000 $24,000 2018 $60,000 $42.000 On Fargo's books, what would be the balance of investment in Fairly Company at December 31, 2018? Select one: O a $63,000 b. $84.200 C. $104.000 d. $60,200