Bharrat Corporation purchased 49% of Ferris Corporation for $109,000 on January 1. On October 17 of the same year, Ferris Corporation declared total cash dividends of $21,000. At year-end, Ferris Corporation reported net income of $69,000. The balance in the Bharrat Corporation's Long-Term Investment-Ferris account at December 31 should be:
A. $109,000.
B. $142,810.
C. $132,520.
D. $98,710.
E. $85,480.
Answer: C
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