Green Co. owned all of the voting common stock of Red Corp. The corporation's balance sheets dated December 31,2011, include the following balances for land: for Green-$556,000 and for Red-$325,000. On the original date of acqusition, the book value of Red's land was equal to its fair value. On June 5,2012 Green sold to Red a parcel of land with a book value of $80,000. The selling price was $125,000. There were no other transactions which affected the companies land accounts during 2011. What is the consolidated balance for land on the 2012 balance sheet?