On January 1, 20X1, Par Inc acquires 84.81% of Sub Corp for $203,317 in cash. Immediately before the acquisition, the book value of Sub's identifiable net assets was $137,796 with a fair value of $154,738, while the book value of Par's net assets was $271,079. What will be the amount of total shareholders' equity on the consolidated balance sheet immediately after the acquisition if the fair-value-enterprise (FVE) method is used?

a.

$299,807

b.

$322,869

c.

$307,494

d.

$330,556

e.

$315,182