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On March 4, year 1, Evan Co. purchased 1,000 shares of LVC common stock at $80 per share. On September 26, year 1, Evan received 1,000 stock rights to purchase an additional 1,000 shares at $90 per share. The stock rights had an expiration date of February 1, year 2. On September 30, year 1, LVC’s common stock had a market value, ex-rights, of $95 per share and the stock rights had a market value of $5 each. What amount should Evan report on its September 30, year 1 balance sheet as the cost of its investment in stock rights?