34- Practice Problem Set - Week 3 General: A company mentioned the below following question and choices for you. Use your accounting knowledge to pick the best result as part of this hypothetical interview process. There will only be one correct answer. Choose the best one and report back to your team. Greg Company accounts for its 40% investment in Company B under the equity method of accounting. The investment was made on January 1, 20X2, at a cost of $710,000. Company B reported net income of $400,000 for the year ended December 31, 20x2, and paid total dividends of $180,000 during 20X2. On December 31, 20x2, after making all appropriate entries, the balance in Greg Company's Investment in Company B account will equal A. $930,000. B. $870,000. C. $798,000. D. $690,000. E. $638,000.