On July 1, 2014, Carter Company Purchased Trading Securities as Follows

On July 1, 2014, Carter Company purchased trading securities as follows: Dark Corporation common stock (par $1) 10,000 shares at $25 per share. Janvrin Corporation preferred stock (par $100) 2,000 shares at $105 per share. The quoted market prices per share on December 31, 2014 were as follows:
Dark Corporation stock, $27 per share Janvrin Corporation stock, $104 per share
Each of the investments represented 5% of the total shares outstanding. The carrying valu amount of the investments at December 31, 2014 should be

A) $478,000
B) $480,000
C) $458,000
D) $460,000