On January 1, 2022, Halstead, Incorporated, purchased 73,000 shares of Sedgwick Company common stock for $1,418,000, giving Halstead 25 percent ownership and the ability to apply significant influence. How should Halstead account for its investment in Sedgwick Company?
a) Using the equity method
b) As a subsidiary
c) Using the fair value method
d) Using the cost method