DeMilo, Incorporated, owns $100$ percent of the $48,000$ outstanding shares of Ricardo, Incorporated. DeMilo currently carries the

Investment in Ricardo account at $$517,900$ using the equity method.

Ricardo issues $2,000$ new shares to the public for $$14\mathrm{.}25$ per share.

Required:

How does this transaction affect the Investment in Ricardo account that appears on DeMilo's financial records?

Investment in Ricardo should be

increased

by