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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)

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.

What will the consolidated common stock account be as a result of this acquisition?

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