On January 1, 2010, Daley Corporation purchased 30% of the common stock outstanding of King Corporation for $600,000. During 2010, King Corporation reported net income of $200,000 and paid cash dividends of $100,000. The balance of the Stock Investments-King account on the books of Daley Corporation at December 31, 2010 is:
a) $600,000.
b) $630,000.
c) $660,000.
d) $570,000.