On January 1, 2019, X Inc What Would Be the Carrying Value of X's Investment in Voting

On January 1, 2019, X Inc. purchased 12% of the voting shares of Y Inc. for $100,000. The investment is reported at cost. X does not have significant influence over Y. Y's net income and declared dividends for the following three years are as follows: $$\begin{array} { | l | r | r | } \hline & \text { Net Income } & \text { Dividends } \\\hline 2019 & \$ 50,000 & \$ 20,000 \\\hline 2020 & \$ 70,000 & \$ 80,000 \\\hline 2021 & \$ 30,000 & \$ 60,000 \\\hline\end{array}$$ What would be the carrying value of X's Investment in Y at the end of 2021?
A) $100,000
B) $98,800
C) $90,000
D) $91,200