USE the TDIIDWH'IE Inton'natlon I'D EII'ISWEJ' EIIJES'III'DI'IS 141': Exeter Companv acquires 35% of the voting stock of Fenton Corporation for $?,DDU,DOCI on Jam 2133]. At the time, the book value of Fenton was at-DUDE]. During 2020, Fenton report: income of $3,DDU,DDD and declared and paid dividends of $5l],[l. Both companies have Decem 1veerends, and the fair value of the investment at yearend was ss.ooo,ooo. Exeter uses the method to report its investment in Fenton stock. 1. What is the investment balance on Exeter's balance sheet on December 31, 2D2? a. $ lll b. $ 3", B?5,l][l E. $ IQulCIlCllllIl[ll] d . $ B,5l]*l][l