Waldo Company owns 30% of Randy Company. During 2017, Randy reported earnings of $650,000 and paid cash dividends of $345,000. What effect would this have on Waldo's investment account and net income?

A) Investment Account +195,000 Net Income + 103,500

B) Investment Account 0 Net Income + 103,500

C) Investment Account + 91,500 Net Income +103,500

D) Investment Account + 91,500 Net Income +195,000