John Purchases All of the Common Stock of Clarke Corporation

John purchases all of the common stock of Clarke Corporation for $280,000.The assets of the corporation are:
$$\begin{array} { l r r } \text { Asset } & \text { Adjusted Basis } & \text { Fair Market Value } \\\text { Inventory } & \$ 25,000 & \$ 50,000 \\\text { Equipment } & 60,000 & 40,000 \\\text { Supplies } & 20,000 & 20,000 \\\text { Building } & 80,000 & 95,000 \\\text { Land } & { 10,000 } &{ 20,000 } \\& \$ 195,000 & \$ 225,000\end{array}$$
What is John's basis in the common stock he acquired?

A) $195,000
B) $215,000
C) $225,000
D) $250,000
E) $280,000