McCoy has the following account balances as of December 31,…

McCоy hаs the fоllоwing аccount bаlances as of December 31, 2023, before an acquisition transaction takes place. Inventory $ 125,000 Land 450,000 Buildings 575,000 Liabilities (590,000) Common stock ($10 par) (75,000) Additional Paid-In Capital (200,000) Retained earnings (12/31/23) (285,000) The fair value of McCoy’s Land and Buildings are $650,000 and $600,000, respectively. On December 31, 2023, 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, 2023, assuming that McCoy will retain its separate corporate existence, what value is assigned to Ferguson’s investment account? $150,000 $300,000 $600,000 $900,000 $912,000