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:
$\begin{array}{lcc}\underline {\text {Asset}}& \underline {\text { Adjusted Basis }}& \underline {\text { Fair Market Value } }\\\text { Inventory } & \$ 25,000 & \$ 50,000 \\\text { Equipment } & 60,000 & 40,000 \\\text { Supplies } & 20,000 & 20,000 \\\text { Building } & 80,000 & 95,000 \\\text { Land } & \underline {10,000 }& \underline {20,000} \\&\$ 195,000 & \$ 225,000\end{array}$
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