On January 1,2016,Nana Company Paid $100,000 for 8,000 Shares of Papa

On January 1,2016,Nana Company paid $100,000 for 8,000 shares of Papa Company common stock.These securities were classified as trading securities.The ownership in Papa Company is 10%.Papa reported net income of $52,000 for the year ended December 31,2016.The fair value of the Papa stock on that date was $45 per share.What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31,2016?

A) $284,400.
B) $300,000.
C) $315,600.
D) $360,000.