Carnes has the following account balances as of May 1, 2010 before an acquisition transaction takes place. INVENTORY= 100,000 LAND= 400,000 BUILDINGS (NET) 500,000 COMMON STOCK ($10 par)= 600,000 ADDITIONAL PAID-IN CAPITAL= 200,000 RETAINED EARNINGS= 200,000 REVENUES= 450,000 EXPENSES 250,000 The fair value of Carnes Land and Buildings are $650,000 and $550,000 respectively. On May 1, 2010, Riley Company issues 30,000 shares of its $10 par value ($25 fair value) common stock in exchange for all of the shares of Carnes' common stock. Riley paid $10,000 for costs to issue the new shares of stock. Before the acquisition, Riley has $700,000 in its common stock account and $300,000 in its additional paid-in capital account. Q!! On May 1, 2010, what value is assigned to Riley's investment account? A. $150,000 B. $300,000 C. $750,000 D. $760,000 E. $1,350,000