Following are selected accounts for Spriggan 12 and Element 4 as of December 31, 2023. Several of Spriggan 12's accounts have been omitted. Revenues Cost of goods sold Depreciation expense Other expenses Equity in Vega's income Spriggan 12 $ 900,000 360,000 Element 4 $ 500,000 200,000 40,000 60,000 140,000 100,000 ? Retained earnings, 1/1/2023 1,350,000 1,200,000 Dividends 195,000 80,000 Current assets 300,000 1,380,000 Land 450,000 180,000 Building (net) 750,000 280,000 Equipment (net) 300,000 500,000 Liabilities 600,000 620,000 Common stock 450,000 80,000 Additional paid-in capital 75,000 320,000 Spriggan 12 purchased all of the shares (100%) of Element 4's on January 1, 2022. Spriggan accomplished this by Issuing 10,500 shares of its $10 par value common stock which traded at $95 per share at the time of acquisition. On January 1, 2022 Element 4's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment Compute the December 31, 2023, consolidated additional paid-in capital. Multiple Choice $1,102,500. $75,000. $210,000. $525,000. $942,500