Nancy Emerson owns 50 percent of the common stock of Marks Corporation. She paid $25,000 for this stock in 20X3. At December 31, 20X8, her 50 percent stock ownership in Marks had a current value of $185,000. Marks’s cumulative net income and cash dividends declared for the five years ended December 31, 20X8, were $300,000 and $30,000 respectively. In Nancy’s personal statement of financial condition at December 31, 20X8, what amount should she report as her net investment in Marks?

a. $25,000

b. $160,000

c. $175,000

d. $185,000