Poppy Corporation acquires Stevens Company, paying the owners of Stevens 1,000,000 new shares with a par value of $0.50 per share and a fair value of $60 per share at the date of acquisition. Poppy also incurs cash registration fees of $50,000 and consulting fees of $500,000. Several of Stevens former owners will stay on as employees, and Poppy agrees to pay them an additional amount if they remain with the company. The present value of this agreement at the date of acquisition is $300,000. What is Poppys reported acquisition cost? Select one: a. $60,500,000 b. $60,300,000 c. $60,800,000 d. $60,000,000