David, Inc. used the equity method of accounting for its investment in Russell Company. At December 31, 2014, the investment balance was $4,500 after all adjustments were recorded. The following is additional information: 
What was the January 1, 2014 balance in Investment in Russell Company?
A) $3,800
B) $3,000
C) $2,900
D) $2,300
Correct Answer:
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