Bennett corporation acquires all the assets and liabilities of alpha company in a statutory merger by issuing to alpha 30,000 shares of $1 par common stock. the shares issued have a total market value of $400,000. bennett incurs legal fees of $25,000 in connection with the combination and stock issue costs of $10,000. the recorded amount of the stock issued by bennett to create the combination is:

a. $400,000
b. $435,000
c. $425,000
d. $445,000