On January 1, 2017, Leahy Corp. paid $600,000 to acquire Fischer Co. Leahy used the equity method to account for the investment. The following information is available for the assets, liabilities, and stockholders' equity accounts of Fischer:

	Book Value	Fair Value
Current assets	$95,000	$95,000
Land	87,500	118,500
Building (twenty-five year life)	265,000	290,000
Equipment ( ten year life)	207,500	186,500
Current liabilities	20,000	20,000
Long-term liabilities	70,000	70,000
Common stock	136,500
Additional paid-in capital	250,000
Retained earnings	178,500

Fischer earned net income for 2017 of $90,250 and paid dividends of $40,000 during the year. What is the balance in Equity Investment at the end of 2017?

Select one:

A. $660,250

B. $691,350

C. $651,350

D. $650,250