On May 5, 2017, Miami Corp. exchanged 5,000 of its common shares for a copyright owned by Lauderdale Ltd. At this date, Miami's common shares were quoted at $28 per share, and the copyright had a carrying value of $130,000 on Lauderdale's books. Miami should record the copyright at

options:

a)

$120,000.

b)

$140,000.

c)

$110,000.

d)

$130,000.