On April 30, 2017, Miranda Industries exchanged 10,000 shares of Carrillo Enterprises $25 par value common stock for a patent owned by Mejia United. The Carrillo stock was acquired in 2017 at a cost of $230,000. At the exchange date, Carrillo common stock had a fair value of $43 per share, and the patent had a net carrying value of $490,000 on Mejia's books. Miranda should record the patent at

• A
• :
• $430,000.
• B
• :
• $230,000.
• C
• :
• $490,000.
• D
• :
• $250,000.