On January 1, Power Company purchased 40% of the common stock for Starr Company for $250,000.
During the year, Starr reported $80,000 in net income and paid out $60,000 in cash dividends. At year-end, what amount should be reported on the balance sheet for its investment in Starr?

a) 270,000
b) 258,000
c) 310,000
d) 190,000