On January 1, 2013, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To acquire these shares, Moody issued $400 in long- term liabilities and 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition. Another $15 was paid in connection with stock suance Co . Prior to these transactions, the balance sheets for the two companies were as follows: Osorio $ 40 180 280 360 Cash Receivables Inventories Land Buildings (net) Equipment (net) Accounts payable Long-term liabilities Common stock ($1 par) Common stock ($20 par) Additional paid-in capital Retained carnings Moody $ 180 810 1,080 600 1,260 480 (450) (1,290) (330) (80) (400) (1,080) (1,260) (240) (340) (340) Note: Parentheses indicate a credit balance in Moody's appraisal of Osorio three assets were deemed to be undervalued on the subsidiary's books Inventory by $10 Land by $40 and Buildings by 560 What amount was recorded as the investiment in Osorio O 3430 5820 5800 Osas $16