Accounting for a controlling financial interest

An acquiring company issues 5,000 shares of $2 par value common stock to acquire 100% of the voting common stock of an investee company in a transaction that qualifies as a business combination. The market value of the acquiring company's common stock is $10 per share. Direct legal and consulting fees incurred pursuant to the combination are $2,000. Direct registration and issuance costs for the acquiring company's common stock are $500. The transaction did not result in goodwill recognition or bargain gain recognition. What is the total amount of net assets recognized as a result of this business combination?

$10,000

$50,000

$49,500

$47,500