Current Attempt in Progress

On May $5,2026,$ MacDougal Corp. exchanged $4000$ shares of its $$25$ par value treasury common stock for a patent owned by Masset

Co$.$ The treasury shares were acquired in $2025$ for $$90000.$ At May $5,2026,$ MacDougal's common stock was quoted at $$36$ per share,

and the patent had a carrying value of $$115000$ on Masset's books. MacDougal should record the patent at

$$90000.$

$$100000.$

$$144000.$

$$115000.$