The following financial statement information is for an investor company and an investee company on January 1, 2020. On January 1, 2020, the investor companys common stock had a traded market value of $36 per share, and the investee companys common stock had a traded market value of $28 per share.

	Book Values			Fair Values
	Investor	Investee		Investor	Investee
Receivables & inventories	90,000	55,000		121,000	35,000
Land	210,000	125,000		321,000	150,000
Property & equipment	305,000	101,000		297,000	85,000
Trademarks & patents	-	-		160,000	82,000
Total assets	605,000	281,000		899,000	352,000
Liabilities	156,000	82,000		170,000	98,000
Common stock ($1 par)	27,000	11,000
Additional paid-in capital	331,000	173,000
Retained earnings	91,000	15,000
Total liabilities & equity	605,000	281,000
Net assets	449,000	199,000		729,000	254,000

1. Assume that the investor company issued 9,800 new shares of the investor companys common stock in exchange for all of the individually identifiable assets and liabilities of the investee company. The financial information presented, above, was prepared immediately before this transaction. Provide the Investor Companys balances (i.e., on the investors books, before consolidation) for Land immediately following the acquisition of the investees net assets: