Crossroads Co$.$ chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither market is the principal market for the financial asset. In the first market, sales

proceeds are $$76,$ which is net of transaction costs of $$6.$ In the second market, the sales proceeds are $$80,$ which is net of transaction costs of $$1.$ What amount should Crossroads report as the fair value of the

asset?

Select one:

a$.$ $$76$

b$.$ $$80$

c$.$ $$81$

d$.$ $$82$