Stock acquisition (fair value is different from book value) The following financial statement information is for an investor company and an investee company on January 1, 2019. On January 1, 2019, the investor company's common stock had a traded market value of $27 per share, and the investee company's common stock had a traded market value of $20 per share. Book Values Fair Values Investor Investee Investor Investee Receivables & inventories $144,000 $72,000 $135,000 $64,800 Land Property & equipment Trademarks & patents Total assets Liabilities Common stock ($1 par) Additional paid-in capital Retained earnings Total liabilities & equity Net assets 288,000 144,000 315,000 180,000 324,000 144,000 360,000 187,200 - - 120,000 115,200 $756,000 $360,000 $930,000 $547,200 $216,000 $115,200 $240,000 $123,000 30,000 24,000 402,000 206,400 108,000 14,400 $756,000 $360,000 $540,000 $244,800 $690,000 $424,200 Assume that the investor company issued 22,500 new shares of the investor company's common stock in exchange for 100% of the common stock of the investee company, in a transaction that qualifies as a business combination. The financial information presented, above, was prepared immediately before this transaction. Provide the Investor Company's balance (i.e., on the investor's books, before consolidation) for "Investment in Investee" immediately following the acquisition of the investee's common stock: $265,800 $424,200 $450,000 $607,500