On January 1, 2017, Dumas Industries acquired an 18% interest in Arlington Corporation through the purchase of 12,000 shares of Arlington Corporation common stock for $250,000. During 2017, Arlington Corp. paid $60,000 in dividends and reported a net loss of $90,000. Dumas is able to exert significant influence on Arlington. However, Dumas mistakenly records the above transactions using the cost method rather than the equity method of accounting. Which of the following depicts the correct presentation amounts relative to Dumas's investment in Arlington as of the end of 2017 using the equity method
Investment Net
Account Earnings (loss)
$223,000 ($16,200)
$233,800 ($ 5,400)
$233,800 ($16,200)