Assume that on January 1, 2013, the investor company issued 4,000 new shares of the investor company's common stock in exchange for all of the individually identifiable assets and liabilities of the investee company. Fair value approximates book value for all of the investee's identifiable net assets.

The following financial statement information is for an investor company and an investee company on January 1, 2013, prepared immediately before this transaction.

	Book Values
	Investor	Investee
Receivables & inventories	$40,000	$20,000
Land	80,000	40,000
Property & equipment	90,000	40,000
Total assets	$210,000	$100,000
Liabilities	$60,000	$32,000
Common stock ($1 par)	8,000	4,000
Additional paid-in capital	112,000	60,000
Retained earnings	30,000	4,000
Total liabilities & equity	$210,000	$100,000
Net assets	$150,000	$68,000

Asset acquisition (market equals book value) Provide the investor company's balance (i.e., on the investor's books, before consolidation) for an "Investment in Investee" account immediately following the acquisition of the investee's net assets:

A. $2,000

B. $100,000

C. $68,000

D. $150,000