Following are selected accounts for Green Corporation and Vega Company as of December 31, 2020. Several of Green's accounts have been omitted. Revenues Cost of goods sold Depreciation expense Other expenses Equity in Vega's income Retained earnings, 1/1/2020 Dividends Current assets Land Building (net) Equipment (net) Liabilities Common stock Additional paid-in capital Green Vega $900,000 $500,000 360,000 200,000 140,000 40,000 100,000 60,000 ? 1,350,000 1,200,000 195,000 80,000 300,000 1,380,000 450,000 180,000 750,000 280,000 300,000 500,000 600,000 620,000 450,000 80,000 75,000 320,000 Green acquired 100% of Vega on January 1,2016, by issuing 12,500 shares of its $10 par value common stock with a fair value of $85 per share. On January 1, 2016, Vega's land was undervalued by $60,000, its buildings were undervalued by $50,000, and equipment was overvalued by $20,000. The buildings have a 20-year life and the equipment has a 10-year life. $70,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment. Compute the book value of Vega at January 1, 2016.