On January $1,$ Y$5,$ Exeter Corporation issued $100,000$ common shares to acquire all the net assets of Lucan Ltd$.$ On January $1,$ Y$5,$ Exeter common shares were traded at $$12$ per share. It was agreed that if the share price did not return to its pre$-$Y$5$ price of $$14$ per share by February $28,$ Y$5,$ an additional cash payment of $$100,000$ would be made to Lucan shareholders. On February $28,$ Y$5,$ Exeter Corporation common shares were traded at $$13$ per share.$$

Exeter's acquisition cost with respect to its investment in Lucan would be:

Question $37$ options:

$$1,267,899$

$$1,200,000$

$$1,300,000$

$$1,100,000$