On June 30, 2013, Cey, Inc. exchanged 4,000 shares of Selly Corp. $30 par value common stock for a patent owned by Gore Co. The Selly stock was acquired in 201 at a cost of $110,000. At the exchange date, Selly common stock had a fair value of $46 per share, and the patent had a net carrying value of $220,000 on Gore's books. Cey should record the patent at:
A) $120,000
B) $110,000
C) $220,000
D) $184,000