Hybud Recreation Center Acquired All the Stock of Cloverleaf Floors

Hybud Recreation Center acquired all the stock of Cloverleaf Floors by purchasing the shares from their current owners for $400,000 paid in cash.Cloverleaf Floors has assets with a fair value of $400,000.How would Hybud Recreation Center account for the acquisition?

A) Hybud would increase Paid-in Capital by $400,000 and decrease Cash by $400,000.
B) Hybud would increase Property,Plant,and Equipment by $400,000 and decrease Cash by $400,000.
C) Hybud would increase Investment in Cloverleaf Floors by $400,000 and decrease Cash by $400,000.
D) Hybud would decrease Property,Plant,and Equipment by $400,000 and decrease Cash by $400,000.
E) Hybud would not need to make a journal entry.