Dublin Co. holds a 30% stake in club Co. which was purchased in 2011 at a cost of #3,000,000. After applying the equity method, the Investment in...

Dublin Co. holds a 30% stake in club Co. which was purchased in 2011 at a cost of #3,000,000. After applying the equity method, the Investment in Club Co. account has a balance of #3,040,000. At December 31, 2011 the fair value of the investment is #3,120,000. Which of the following values is acceptable for Dublin to use in its balance sheet at December 31, 2011?