Tree (a fictitious company) purchases a 20% interest in Scotts (a fictitious company) for 100,000 on January 1, 2017. Scotts reports income and dividends as follows: Income Dividends 2017 400,000 100,000 2018 650,000 250,000 1,050,000 350,000 Calculate the investment in Scotts that appears on Tree's balance sheet as of the end of 2018. a) 100,000 Ob) 310,000 c) 240,000