Root Co acquired 30% of the 100,000 equity shares in Branch Co for $7.50 per share on 1 January 207, when Branch Co had retained earnings of $510,000. Ar tho year end date of 31 December 20X7. Branch Co had retained eamings of $440,000. Root Co considered that its investment in Branch Co had suffered an impairment loss of m0 000 Catculate the earrying amount of Branch Co in the consolidated statement of financial position of Root Co as at 31 December 207