A corporation using the cost method of accounting for its investment in a 80% owned investee, which earned $20,000 and paid $5,000 in dividends What is the ending balance of investment on 31/12 if investment in 1/1 amount 120,000$? Select one: 1a. 100,000 Ob. 120,000 C. 112,000 d. 115,000

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