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Question 44 44. On January 1, 2018, Nana Company paid $100.000 for 8,000 shares of Papa Company common stock ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Comor Papa reported net income of $52,000 for the year ended December 31, 2018. The tale value of the Papa stock on that date was $45 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2018? A. P284 400. BP300,000 C. 315,600. D. P360,000 8 OD