On January $1,20$X$9,$ Princeton Company acquired $80$ percent of the common stock and $60$ percent of the preferred stock of Stanford Company, for $$400,000$ and $$60,000,$ respectively. At the time of acquisition, the fair value of the common shares of Stanford Company held by the noncontrolling interest was $$100,000.$ Stanford Company's balance sheet contained the following balances:

Preferred Stock $($$$5$ par value$)$ $ $100,000$

Common Stock $($$$10$ par value$)200,000$

Retained Earnings $300,000$

Total Stockholders$$ Equity $ $600,000$

For the year ended December $31,20$X$9,$ Stanford Company reported net income of $$100,000$ and paid dividends of $$40,000.$ The preferred stock is cumulative and pays an annual dividend of $10$ percent.

Based on the preceding information, the consolidating entry to prepare the consolidated financial statements forPrinceton Company as of December $31,20$X$9$ will include a credit to Investment in Stanford Company$$Common Stock for:

Group of answer choices

$$506,000$

$$448,000$

$$400,000$

$$500,000$