Jans inc. acquired all of the outstanding common stock of tysk corp. on january 1, 2016, for $372,000. equipment with a ten-year life was undervalued on tysk's financial records by $46,000. tysk also owned an unrecorded customer list with an assessed fair value of $67,000 and an estimated remaining life of five years. tysk earned reported net income of $180,000 in 2016 and $216,000 in 2017. dividends of $70,000 were paid in each of these two years. selected account balances as of december 31, 2018, for the two companies follow.
jans tysk
revenue $ 1,080,000 $ 840,000
expense $ 480,000 $ 600,000
retained earnings, 1/1/18 $ 840,000 $ 600,000
dividends paid $ 132,000 $ 70,000
if the equity method had been applied, what would be the investment in tysk corp. account balance within the records of jans at the end of 2018?
(a)$612,100 (b) $744,000 (c) $774,150 (d) $372,000 (e) $844,100