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Nolan Ryan Corporation issued 20,000 shares of common stock in exchange for all of Babe Ruth Corporation's outstanding stock on September 1. Nolan Ryan's common

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Nolan Ryan Corporation issued 20,000 shares of common stock in exchange for all of Babe Ruth Corporation's outstanding stock on September 1. Nolan Ryan's common stock had a market price of $30 per share on September 1. The market price of Babe Ruth's stock was not readily ascertainable Immediately following the purchase, the investment in Babe Ruth's stock will be stated in Nolan Ryan's parent-only balance sheet immediately after the combination in the amount of: (Do not use a dollar sign in your answer) The investment in Babe Ruth's stock will be stated in Nolan Ryan's consolidated balance sheet immediately after the combination in the amount of: (Do not use a dollar sign in your answer)

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