Company P purchased an 80% interest in the Company S on January 1, 2016, for $600,000 . Any excess of cost is attributed to the Company's building with a 20-year life

The equity balances of Company S are as follows: January 1, 2016 December 31, 2019 Common stock, $10 par $100,000 $140,000 Other paid-in capital 200,000 280,000 Retained earnings 250,000 450,000 The only change in paid-in capital is a result of a 40% stock dividend paid in 2018 . The cost to simple equity conversion to bring the investment account to its December 31, 2019, balance is ____. a. $30,000
b. $136,000
c. $160,000
d. $256,000

d