On July 31, 2018, Coal Inc. exchanged 5,000 shares of Steel corporation $40 par

On July 31, 2018, Coal Inc. exchanged 5,000 shares of Steel corporation $40 par value common stock for a trademark owned by Vega Co. The Steel stock was acquired in 2013 at a cost of $160,000. At the exchange date, Steel common stock had a fair value of $43 per share and the trademark had a net carrying value of $170,000 on Vega’s books. Coal should record the trademark at _______.
$200,000
$170,000
$160,000
$215,000