Prior to Being United in a Business Combination, Taunton Inc

Prior to being united in a business combination, Taunton Inc. and Eubanks Corp. had the following stockholders' equity figures: Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks.Assume that Taunton acquired Eubanks on January 1, 2020 and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks?

A) $62,000.
B) $108,000.
C) $170,500.
D) $201,500.
E) $234,000.