Vaughn Incorporated acquired all of the outstanding common stock of Roberts Company on January $1,2023,$ for $$276,000.$ Annual amortization of $$21,000$ resulted

from this acquisition. Vaughn reported net income of $$80,000$ in $2023$ and $$60,000$ in $2024$ and paid $$24,000$ in dividends each year. Roberts reported net income

of $$50,000$ in $2023$ and $$57,000$ in $2024$ and paid $$12,000$ in dividends each year. What is the Investment in Roberts Company balance on

December $31,2024,$ if the equity method has been applied?

Multiple Choice

$$317,000$

$$368,000$

$$341,000$