During its inception, Devon Company purchased land for $100,000 and a building for $180,000. After exactly 3 years, it transferred these assets and cash of $50,000 to a newly created subsidiary, Regan Company, in exchange for 15,000 shares of Regan's $10 par value stock. Devon uses straight-line depreciation. Useful life for the building is 30 years, with zero residual value. An appraisal revealed that the building has a fair value of $200,000. Based on the information provided, at the time of the transfer. Regan Company should record: Building at $180,000 and no accumulated depreciation. Building at $162,000 and no accumulated depreciation. Building at $200,000 and accumulated depreciation of $24,000. Building at $180,000 and accumulated depreciation of $18,000