12 out of X.co, purchased 100% of Y Common stock at 1/1/2020 for $ 300,000 on the same date the y co stock was $ 100,000 and retained earning $120,000, at acquisition date the net assets of y co. book value was equal to fair value except inventory FV more than BV of $26,000) and (land its FV more than BV10,000 ) (Building its FV more than BV by $ 14,000) but (equipment its FV less than B V by $10,000) if y Co. reported $160,000 net income for 31/12/2020 and paid $ 60,000 dividends. Other information 1- they inventory completely sold during 2020 2- the building useful life was 7 years, but equipment 5 years 3- there is no impairment for goodwill during 2020 what is amount of investment in parents co balance sheet on 31/12/2020 Select one: a. 426,000 b. 300,000 400.000 d. 374,000