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Wildhorse Company owns 40,000 of the 120,000 outstanding shares of Sheffield Inc. common stock. During 2022, Sheffield earns $650,000 and pays cash dividends of $390,000.

Wildhorse Company owns 40,000 of the 120,000 outstanding shares of Sheffield Inc. common stock. During 2022, Sheffield earns $650,000 and pays cash dividends of $390,000. If the beginning balance in Wildhorse's Investment account was $430,000, the balance at December 31,2022 should be A. $720,000. B. $625,000. C. $508,000. D. $430,000

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