Remaining Time: 41 minutes, 52 seconds. Question Completion Status: Close Window Moving to the next question prevents changes to this answer Question 1 of 5 Save Aro Question 1 1.5 points Snow White Company purchased 20% of the voting common stock of Cinderella Company on January 1 and paid $640,000 for the investment Cinderella Company reported $40,000 of earnings for the year and paid $8,000 in cash dividends. The balance of the Investment Account using the equity method will be: A. $1,600 B. $640,000 C. $646,400 D. $8,000 Question Moving to the next question prevents changes to this answer. Close WW MacBook Pro $ 4 % 5 0 o > & 7 7 V 8 9 2 3 E E Y R T Cos DS F HT G