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A farmer owns a sheep herd of one year old each, on Jan 1st, 2019. the number of sheep in the herd was 500. the

A farmer owns a sheep herd of one year old each, on Jan 1st, 2019. the number of sheep in the herd was 500. the fair value of the herd at this date was $100,000. the fair value of the one-year and two-year-old animals on Dec 31st, 2019 are $250 and $230 respectively. The fair value of the herd on 13th Dec 2019 is

Select one:

a. $125,000

b. $10,000

c. $100,000

d. $115,000

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