McCoy has the following account balances as of December 31, 2020 before an acquisition transaction takes place. Inventory $125,000 450,000 Land Buildings 575,000 Liabilities. (590,000) Common stock ($10 par) (75,000) APIC (200,000) Retained earnings (12/31/20) (285,000) The fair value of McCoy's Land and Buildings are $650,000 and $600,000, respectively. On December 31, 2020, Ferguson Company issues 30,000 shares of its $10 par value ($30 fair value) common stock in exchange for all of the shares of McCoy's common stock. Ferguson paid $12,000 for costs to issue the new shares of stock. Before the acquisition, Ferguson has $800,000 in its common stock account and $350,000 in its additional paid-in capital account. On December 31, 2020, assuming that McCoy will retain its separate corporate existence, what value is assigned to Ferguson's investment account? On December 31, 2020, assuming that McCoy will retain its separate corporate existence, what value is assigned to Ferguson's investment account? Multiple Choice O $912,000. $900,000. $150,000. 4 Multiple Choice O O $912,000. $900,000. $150,000. $300,000. $600,000