20. Prior to being united in a business combination, Botkins Inc. and Volkerson Corp. had the following stockholders' equity figures: Common stock ($1 par value) Additional paid-in capital Retained earnings Botkins $ 220,000 110,000 360,000 Volkerson $ 54,000 25,000 130,000 Botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of Volkerson. Assume that Botkins acquired Volkerson on January 1, 2012. At what amount did Botkins record the investment in Volkerson? A. $56,000. B. $182,000. C. $209,000 D. $261,000. E. $312,000