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Prior to being united in a business combination, Botkins INc. and Volkerson Corp. had the following stockholders equity figures:

Common STock ($1 par value): Botkin $220,000
Volkerson $54,000
APIC: Botkin $110,000 & Volkerson $25,000
Retained Earnings: Botkins $360,000 & Volkerson $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, 2010. At what amount did Botkins record the investment in Volkerson?

Reference no: EM13139649

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