16. Mini Corp. acquires a patent from Maxi Co. in exchange for 2,500 shares of Mini Corp. P5 par value ordinary shares and P85,000 cash. When the patent was initially issued to Maxi Co., Mini Corp's shares were selling at P7.50 per share. When Mini Corp. acquired the patent, its shares were selling for P9 a share. Mini Corp. should record the patent at what amount?

85,000

97,500

103,750

107,500

(pls provide complete solution)