9. On the date of the business combination of Pobre Corporation and its wholly owned subsidiary, Sabe Company, Pobre paid (1) $100,000 to the former stockholders of Sabe for their stockholders’ equity of $65,000 and (2) $15,000 for direct out-of-pocket costs of the combination. Goodwill recognized in the business combination was $10,000.

The current fair value of Sabe’s identifiable net assets was:

a. $65,000

b. $75,000

c. $105,000

d. $115,000

e. $125,000