Help Save & Exit P Company acquires 100% of D Company for $500,000 on January 1, 2019. D Company reported common stock of $300,000 and retained earnings of $210,000 on that date Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review. goodwill has not been impaired D Company earns income and pays dividends as follows: 2019 2020 2021 Net income $100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 Assume the initial value method is applied. Compute P Company's Investment in D Company at December 31, 2021