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Use the following facts for Multiple Choice problems 28 and 29: Assume on January 1, 2019, the investor company issued 10,000 new shares of the investor company's common stock in exchange for all of the individually identifiable assets and liabilities of the investee company. The investee company qualifies as a business. Fair value approximates book value for all of the investee's identifiable net assets. The transaction resulted in no goodwill or bargain purchase gain. The following financial statement information is for an investor company and an investee company on January 1, 2019, prepared immediately before this transaction. Book Values Investor Investee Receivables & inventories Land.... Property & equipment Total assets... $160,000 320,000 360,000 $840,000 $ 80,000 160,000 160,000 $400,000 Liabilities. .. Common stock ($1 par) Additional paid-in capital. Retained earnings .. Total liabilities & equity.. $240,000 32,000 440,000 128,000 $840,000 $120,000 16,000 194,000 70,000 $400,000 Net assets.. $600,000 $280,000 C. L01 28. Asset acquisition (fair value equals book value) What is the per share fair value of the investor's common stock? a. $84/share b. $60/share $40/share d. $28/share L01 29. Asset acquisition (fair value equals book value) Provide the investor company's balance (i.e., on the investor's books, before consolidation) for an In- vestment in Investee account immediately following the acquisition of the investee's net assets: a. $210,000 b. $280,000 $600,000 d. $840.000 C