In order to reduce the risk associated with a new line of business, Conservative Corporation established Spin Company as a wholly owned subsidiary. It transferred assets and accounts payable to Spin in exchange for its common stock. Spin recorded the following entry when the transaction occurred:

Cash and receivables	23,000
Inventory	15,000
Land	30,000
Buildings	100,000
Equipment	95,000
Accounts Payable		20,000
Accumulated DepreciationBuildings		32,000
Accumulated DepreciationEquipment		30,000
Common Stock		56,000
Additional Paid-In Capital		125,000

Based on the preceding information, what was the book value of Conservative's assets transferred to Spin Company?

$243,000

$263,000

$221,000

$201,000