On April 30, 2017, Miranda Industries exchanged 10,000 shares of Carrillo Enterprises $25 par value common stock for a patent owned by Mejia United.

 On April 30, 2017, Miranda Industries exchanged 10,000 shares of Carrillo Enterprises $25 par value common stock for a patent owned by Mejia United. The Carrillo stock was acquired in 2017 at a cost of $230,000. At the exchange date, Carrillo common stock had a fair value of $43 per share, and the patent had a net carrying value of $490,000 on Mejia's books. Miranda should record the patent at

• A
•  : 
•  $430,000. 
• B
•  : 
•  $230,000. 
• C
•  : 
•  $490,000. 
• D
•  : 
•  $250,000.