Liu Company acquires Heller, Inc., by issuing 30,000 shares of $1 par common stock with a market price of $22 per share on the acquisition date and paying $150,000 cash. The assets and liabilities on Hellers balance sheet were valued at fair values except equipment that was undervalued by $225,000. There was also an unrecorded patent valued at $45,000, as well as an unrecorded trademark valued at $60,000. In addition, the agreement provided for additional consideration, valued at $50,000, if certain earnings targets were met. The pre-acquisition balance sheets for the two companies at acquisition date are presented below. Liu Heller Cash $ 220,600 $ 25,400 Accounts receivable 125,000 132,000 Inventory 106,000 201,000 Property, plant, and equipment 2,003,500 406,500 $2,455,100 $764,900 Accounts payable $ 40,500 $ 32,700 Salaries and taxes payable 37,600 45,900 Notes payable 510,100 220,000 Common stock 230,000 60,000 Additional paid-in capital 950,000 106,500 Retained earnings 686,900 299,800 $2,455,100 $764,900 At what amount is the investment recorded on Richland's books? Select one: A. $810,000 B. $796,300 C. $860,000 D. $760,000