Watkins, Inc. acquires all of the outstanding stock of Glen Corporation on January 1, 2012. At that date, Glen owns only three assets and has no liabilities:

If Watkins pays $300,000 in cash for Glen, at what amount would the subsidiary's Building be represented in a January 2, 2012 consolidation?

A. $300,000.

B. $273,000.

C. $200,000.

D. $279,000.

E. $225,000.

Fair Fair Oo Value Value Inventory (FIFO method) LS 40,000 50,000 Equipment (10-year life) 75,000 80,000 200,000 Building (20-year life) 300,000