Flash, Inc. acquired 100% of the voting stock of Slow Co. on January 1, 2021 by issuing $340,000 of its common stock. Slow remained a separate legal entity after the acquisition. In addition to the stock issued, Flash agreed on a contingent cash payment of $38,500 at the beginning of 2022 if Slow generates $95,000 or more cash flows in 2021. The estimated fair value of the contingent cash payment was $14,700 on the acquisition date. Moreover, sufficient shares of Flash common stock will be issued to ensure a total value of $340,000 of Flash's stock in the beginning of 2022. The estimated fair value of the contingent stock payment was $3,600 on the acquisition date. The investment cost (i.e., fair value of consideration transferred) that Flash should record on the acquisition date is $ 378,500 $382,100 $354,700 $ 358,300