37. Walker Corporation purchased 200 of the 1,000 outstanding shares of Wallace Corporation's common stock for $600,000 on January 2, 2021. During 2021, Wallace Corporation declared dividends of $100,000 and reported earnings for the year of $400,000. If Walker Corporation used the fair value method of accounting for its investment in Wallace Corporation, its Equity Investments (Wallace) account on December 31, 2021 should be A. $580,000. B. $660,000. C. $600,000. D. $680,000.