P Company was formed on Jan 1, 20X1. On the same day. P purchased land for $100.000 and a building for $200,000. After exactly 3 years, it transferred these two assets, cash of $50,000 and accounts payable $10,000 to a newly created subsidiary S Company. In exchange Company issued 15,000 shares of $10 par value. Puses straight-line method of depreciation. Useful life for the building is 10 years, with zero residual value. In the books of the investment account will be debited with how much amount? Debited with $280,000 Credited with $300,000 Debited with $240,000 O Credited with $290,000