Ghana Football Club Had a Player Contract with Mowgli That

Ghana Football Club had a player contract with Mowgli that is recorded in its books at $ 300,000 on July 1, 2020. Ivory Coast Football Club had a player contract with Eeyore that is recorded in its books at $ 375,000 on July 1, 2020. On this date, Ghana traded Mowgli to Ivory Coast for Eeyore and paid a cash difference of $ 37,500. The fair value of the Eeyore contract was $ 450,000 on the exchange date. After the exchange, the Eeyore contract should be recorded in Ghana's books at

A) $ 337,500.
B) $ 375,000.
C) $ 412,500.
D) $ 450,000.