On January 1, 2009, Nana Company Paid $100,000 for 8,000

On January 1, 2009, 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, 2009. 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, 2009?

A) $284,400.
B) $300,000.
C) $315,600.
D) $360,000.8,000 $45 = $360,000 Trading securities are reported at fair value.