12. Milani, Inc., acquired 10 pereent of Seida Corporation on January 1, 2020, for $190 , 000 and appropriately accounted for the investment using the fair-value method. On January 1, 2021, Milani purchased an additional 30 percent of Seida for $600 , 000 which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $2 , 000 , 000 in total. Scida's January 1,2021, book value equaled $1 , 850 , 000 , although land was undervalued by $120 , 000 . Any additional excess fair value over Seida's book value was attributable to a trademark with an eight- year remaining life. During 2021, Seida reported net income of $300.000 and declared and paid dividends of $110 , 000 . On December 31 , 2021 , what is the balance of Milani, Inc.'s investment in Seida Corporation? A. $874 , 500 B. $918 , 500 C. $962 , 500 D. $674 , 500.