An Investor Company Acquired a 40% Interest in an Associate

An investor company acquired a 40% interest in an associate for $30 000.The investor is part of a consolidated group.In the financial period immediately following the date on which it became an associate,the investee took the following action:
-revalued assets up to fair value by $5 000
-generated profits of $16 000
-declared a dividend of $3 000
The balance in the investor's account 'Shares in associate',after equity accounting has been applied,is:

A) $30 000;
B) $37 200;
C) $38 400;
D) $39 600.