3 Parent Company owns 100% of ABC Company's 100,000 shares. ABC issues 25,000 new shares to the public for $1 cash per share and Parent Co. acquires none of the shares. The book value of ABC's net assets before the stock issuance was 310,000. AAP associated with the acquisition of ABC's net assets, updated for AAP amortization to the date of the stock issuance, was 220,000 prior to the stock issuance. What is the amount of the Parent's claim on the net assets of ABC Co. as of the date of the stock issuance?