On January 1, 20X1, Par Inc acquires 80.97% of Sub Corp for $170,085 in cash. Immediately before the acquisition, the book value of Sub's identifiable net assets was $115,276 with a fair value of $129,450, while the book value of Par's net assets was $226,775. What will be the amount of total shareholders' equity on the consolidated balance sheet immediately after the acquisition if the identifiable-net-assets (INA) method is used?

a.

$251,409

b.

$276,550

c.

$257,695

d.

$270,265

e.

$263,980