On Dec 31 2020 assuming McCoy will retain its seperate corporate existence what value is assigned to fergusons investment account?

At the date of aquisition by how much does fergusons additional paid in capital increase or decrease?

McCoy has the following account balances as of December 31, 2020 before an acquisition transaction takes place. Inventory Land Buildings (net) Common stock ($10 par) Additional paid in capital Retained earnings $125,000 450,000 575,000 600,000 300,000 250,000 The fair value of McCoy's 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 McCoy's common stock. Ferguson pald $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 poid.in capital account