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William Moving & Storage Co paid $80,000 for 20% of the common stock of Coughlin Co. at the beginning of the year. During the year,

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William Moving & Storage Co paid $80,000 for 20% of the common stock of Coughlin Co. at the beginning of the year. During the year, Coughlin earned net income of $30,000 and paid dividends of $12,000. The carrying value of William's investment in Coughlin at the end of the year is A. $110,000. B. $83,600. OC. $98,000. OD, $80,000

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