On January $2,2024,$ Garner, Incorporated bought $10\%$ of the outstanding common stock of Moody, Incorporated for $$60$ million cash. Garner does not exercise significant influence over Moody. At the date of acquisition of the stock, Moody's net assets had a book value and fair value of $$180$ million. Moody's net income for the year ended December $31,2024,$ was $$30$ million. During $2024,$ Moody declared and paid cash dividends of $$6$ million. On December $31,2024,$ the fair value of $100\%$ of Moody's stock was $$650$ million. On December $31,2024,$ Garner's investment should be reported at:

Multiple Choice

$$65\mathrm{.}0$ million.

$$68\mathrm{.}0$ million.

$$62\mathrm{.}4$ million.