McCoy has the following account balances as of December 31, 2020 before an acquisition transaction takes place.

Inventory $125,000

Land 450,000

Buildings 575,000

Liabilities (590,000)

Common stock ($10 par)

(75,000) APIC (200,000)

Retained earnings (12/31/20) (285,000)

The fair value of McCoys Land and Buildings are $650,000 and $600,000, respectively. On December 31, 2020, Ferguson Company issues 30,000 shares of its $10 par value ($30 fair value) common stock in exchange for all of the shares of McCoys common stock. Ferguson paid $12,000 for costs to issue the new shares of stock. Before the acquisition, Ferguson has $800,000 in its common stock account and $350,000 in its additional paid-in capital account.

On December 31, 2020, assuming that McCoy will retain its separate corporate existence, what value is assigned to Fergusons investment account?