NEIU Corporation acquires 100% of El Centro Corporation's stock from El Centros shareholders for $450,000 cash. El Centro Corporation has assets with a $300,000 adjusted basis and a $650,000 FMV. The assets are subject to $200,000 in liabilities. El Centro Corporation shareholders purchased their stock six years ago for $225,000. NEIU Corporation's basis in the El Centro Corporation stock is

A) $300,000.

B) $450,000.

C) $650,000.

D) $750,000.

Please provide an explanation, thank you!