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Prior to being united in a business combination taunton inc, and eubanks corp had the following stockholders' equity figures: Taunton Common stock ($1 par value)

Prior to being united in a business combination taunton inc, and eubanks corp had the following stockholders' equity figures:

Taunton

Common stock ($1 par value) $240,000

APIC : $120,000

Retained Earnings $370,000

Eubanks

Common stock ($1 par value) $640,000

APIC : $30,000

Retained Earnings $14,000

taunton issued 62,000 new shares of its common stock valued at $2.75/share for all of the outstanding stock of Eubanks.

Assume that taunton acquired Eubanks on 1/1/2020. Immediately afterwards what is the reproted amount of the common stock?

240,000

302,000

304,000

336,000

410,500

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