Following are selected accounts for Green Corporation and Vega Company as of December 31, 2013. Several of Green's accounts have been omitted. Green Vega
Revenues 900,000 500,000
COGS 360,000 200,000
Dep Exp 140,000 40,000
Other Exp 100,000 60,000
Equity in V's Inc ?
RE 1/1/13 1,350,000 1,200,000
Dividends 195,000 80,000
Current Assets 300,000 1,380,000
Land 450,000 180,000
Bld, net 750,000 280,000
Equpmt, net 300,000 500,000
Liabilities 600,000 620,000
Common St 450,000 80,000
APIC 75,000 320,000
Green acquired 100% of Vega on January 1, 2019, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2019, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.
Compute the book value of Vega at January 1, 2019.