Review the above information for Quarter Company and RaceCo. Quarter Company acquired all of the outstanding common Stock of RaceCo on January 1, 2009, for $3, 200,000. At the time, RaceCo owned equipment with a book value of $350,000, a fair value of $205,000, and a remaining useful life of 4 years. RaceCo also owned a data base that was not carried on the books. The data base carried a fair value of $890,000 and a useful life of 5 years. The remaining excess of cost over book value was allocated to Goodwill. What is the balance in "Investment in RaceCo" at December 31, 2011? Review the above information for Quarter Company and RaceCo. Quarter Company acquired all of the outstanding common Stock of RaceCo on January 1, 2009, for $3, 200,000. At the time, RaceCo owned equipment with a book value of $350,000, a fair value of $205,000, and a remaining useful life of 4 years. RaceCo also owned a data base that was not carried on the books. The data base carried a fair value of $890,000 and a useful life of 5 years. The remaining excess of cost over book value was allocated to Goodwill. What is the balance in "Investment in RaceCo" at December 31, 2011