On January 3, 2008, Slezak Company Purchased 22% of Urban

On January 3, 2008, Slezak Company purchased 22% of Urban Corporation's common stock for $250,000. Shortly after the purchase, Slezak Company executives tried to obtain representation on Urban Corporation's board of directors and failed. During 2008, Urban reported net income of $150,000 and paid cash dividends of $80,000 on the common stock. The balance in Slezak Company's Investment in Urban Corporation account at December 31, 2008, should be

A) $265,400.
B) $234,600.
C) $250,000.
D) $300,600.