JayBird Jewelers Purchased 3,000,000 of the Outstanding 10,000,000 Shares of Angel

JayBird Jewelers purchased 3,000,000 of the outstanding 10,000,000 shares of Angel & Associates. At the time of the acquisition, the book value of Angel's net assets equals their fair market value. Angel declared dividends of $276,000 during the year. How will JayBird record the last transaction?

A) JayBird will increase the investment account by $82,800.
B) JayBird will increase Dividend Revenue by $82,800.
C) JayBird will increase Dividend Revenue by $276,000.
D) JayBird will decrease the investment account by $82,800.