Public Equity Corporation Acquired Lenore Company Through an Exchange of Common

Public Equity Corporation acquired Lenore Company through an exchange of common shares.All of Lenore's assets and liabilities were immediately transferred to Public Equity.Public's common stock was trading at $20 per share at the time of exchange.Following selected information is also available.

-Based on the preceding information,what is the fair value of Lenore's net assets,if goodwill of $56,000 is recorded?

A) $306,000
B) $244,000
C) $194,000
D) $300,000