Common STock ($1 par value): Botkin $220,000
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?