On July 1,2008,Fair Logic Corporation Acquires 75 Percent of Integrated

On July 1,2008,Fair Logic Corporation acquires 75 percent of Integrated Systems Inc.common stock for its underlying book value.At the time of acquisition,the fair value of the noncontrolling interest is equal to its proportionate share of book value of Integrated Systems.On January 1,2008 Integrated reported common stock of $100,000 and retained earnings of $130,000.For the year 2008,Integrated reports the following items:
Fair Logic uses the equity method in accounting for this investment.

-Based on the preceding information,what is the book value of shares acquired by Fair Logic on July 1,2008?

A) $240,000
B) $191,250
C) $230,000
D) $180,000