An acquiring company issues 800,000 shares of $1.00 par value common stock to acquire 100% of the voting common stock of an investee company in a transaction that qualifies as a business combination. The fair value of the acquiring company’s common stock is $10.00 per share. Direct legal and consult-ing fees incurred pursuant to the combination are $200,000. Direct registration and issuance costs for the acquiring company’s common stock are $100,000. The transaction did not result in goodwill recog-nition or bargain gain recognition. What is the total amount of net assets recognized as a result of this business combination?