Bennett Corporation acquires all the assets and liabilities of Alpha Company in a statutory merger by issuing to Alpha 30,000 shares of $1 par common stock. The shares issued have a total market value of $400,000. Bennett incurs legal fees of $25,000 in connection with the combination and stock issue costs of $10,000. The recorded amount of the stock issued by Bennett to create the combination is:

$410,000

$400,000

390,000

$445,000