a. 191,250

b. 230,000

c. 240,000

d. 180,000

On July 1, 20X8, Pair Logic Corporation acquires 75 percent of Systems Inc. common stock for its underlying book value. At the time of acquisition, the fair value of the noncontrolling interest is equal to its proportionate share of book value of Systems. On January 1, 20X8 Systems reported common stock of $100.000 and retained earnings of $130,000. For the year 20X8, Systems reports the following items: Sales Cost of Goods Sold Depreciation Expense Other Expenses Net Income Dividends Before Combination (January 1 to June 30) $ 150,000 90,000 20,000 15,000 25.000 15,000 After Combination (July 1 to December 31) $ 160,000 93,000 20,000 17,000 30.000 18,000 Pair Logic uses the equity method in accounting for this investment. Based on the preceding information, what is the book value of shares acquired by Pair Logic on July 1, 20X8