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Hataway Company obtained land by issuing 4,300 shares of its $15 par value common stock. The land was recently appraised at $318,250. The common stock

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Hataway Company obtained land by issuing 4,300 shares of its $15 par value common stock. The land was recently appraised at $318,250. The common stock is actively traded at $75 per share. The land will be recorded on Hataway's books at a cost of a. $322,500 b. $64,500 c. $318,250 d. $258,000 e. $4,300

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