At the Beginning of 20X1, Anwar Ltd

At the beginning of 20X1, Anwar Ltd. acquired 15% of the voting shares of Cruz Co. for $150,000. Anwar does not have any significant influence over Cruz. Anwar reports the investment using the cost method. In 20X1, Cruz earned net income of $70,000 and paid dividends of $40,000. In 20X2, Cruz earned net income of $80,000 and paid dividends of $100,000. At the end of 20X2, what is the balance of Anwar's "Investment in Cruz" account?

A) $150,000
B) $150,150
C) $154,500
D) $172,500