The following financial statement information is for an investor company and an investee company on January 1, 2013. On January 1, 2013, the investor company's common stock had a traded market value of $31.5 per share, and the investee company's common stock had a traded market value of $19 per share.

	Book Values		Fair Values
	Investor	Investee	Investor	Investee
Receivables & inventories	$180,000	$90,000	$162,000	$81,000
Land	360,000	180,000	540,000	270,000
Property & equipment	405,000	180,000	450,000	234,000
Trademarks & patents	_	_	270,000	144,000
Total assets	$945,000	$450,000	$1,422,000	$729,000
Liabilities	$270,000	$144,000	$324,000	$171,000
Common stock ($1 par)	54,000	30,000
Additional paid-in capital	486,000	258,000
Retained earnings	135,000	18,000
Total liabilities & equity	$945,000	$450,000
Net assets	$675,000	$306,000	$1,098,000	$558,000

Stock acquisition (market value is different from book value) Assume that the investor company issued 18,000 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: