On June 30, 2011, Cole Inc., exchanged 3,000 shares of Stone Corp. $30 per value common stock for a patent owned by Gore Co. The Stone stock was acquired in 2009 at a cost of $80,000. At the exchange date, store common stock had a fair value of $45 per share, and the patent had a net carrying value of $45 per share, and the patent had a net carrying value of $160,000 on Gore's books. Cole should recorded the patent at:

• $80,000
• $90,000
• $135,000
• $160,000

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