Un January 1, 2021, Nana Company paid $100,000 for 8,000 shares of Papa Company common stock. The ownership in Papa Company is 17%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $52,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $37.5 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021? $284,400. $300.000 $315,600. $360,000