Prior to being united in a business combination, Botkins Inc. and Volkerson Corp. had the following stockholders' equity figures: Botkins Volkerson Common stock ($1 par value) $ 220,000 $ 54,000 Additional paid-in capital 110,000 25,000 Retained earnings 360,000 130,000 Botkins issued 56,000 new shares of its common stock valued at $4.00 per share for all of the outstanding stock of Volkerson. 12) Assume that Botkins acquired Volkerson on January 1, 2017 and that Volkerson maintains a separate corporate existence. At what amount did Botkins record the investment in Volkerson?