Presented Below Is the Balance Sheet of Holmes Company at January

Presented below is the balance sheet of Holmes Company at January 1,2015:
$\begin{array}{ll}\text { Cash } & \$ 100 \\\text { Net Fixed Assets } & 400 \\\text { Total Assets } & \$ 500\end{array}$
Accounts Payable $\quad \$20$
Long-term Bonds Payable $\quad220$
Stockholders' Equity $\quad260$
Total Liabilities and Stockholders' Equity $\quad\$500$
The balance sheet of Montvale Company at January 1,2015 is below:
cash $\quad\$400$
Net Fixed Assets $\quad380$
Total Assets $\quad\$780$
$\begin{array}{ll}\text { Accounts Payable } & \$ 120 \\\text { Long-term Bonds Payable } & 280 \\\text { Stockholders' Equity } & \underline{380} \\\text { Total Liabilities and Stockholders' Equity } & \$ 780\end{array}$
On January 1,2015,Montvale Company acquired 100 percent of the outstanding common stock of Holmes Company for $260 cash.The book value and fair value of Holmes' assets and liabilities were equal.What is the balance in the Investment in Holmes Company account on the consolidated balance sheet immediately after the acquisition of Holmes Company's stock? (Assume elimination entries are completed.)

A) $0
B) $260
C) $380
D) $500