Prior to Being United in a Business Combination, Botkins Inc

Prior to being united in a business combination, Botkins Inc. and Volkerson Corp. had the following stockholders' equity figures: Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson. Assume that Botkins acquired Volkerson on January 1, 2010. At what amount did Botkins record the investment in Volkerson?

A) $56,000.
B) $182,000.
C) $209,000.
D) $261,000.
E) $312,000.