19 On December 31, 2018, M Co acquired 100% ownership of S Co. On that date, S reported assets and liabilities with book values of $300,000 and $100,000, respectively, common stock outstanding of $50,000, and retained earnings of $150,000. The book values and fair values of S assets and liabilities were same except for inventories which had increased by $5,000

Based on the preceding information,what amount of goodwill will be reported if the acquisition price was $220,000?

Select one: a. 0 b. 40,000 c. 15,000 d. 35,000