7. On July 31, 2014, M Turquoise Company when Turquoise's balance sheet showed net assets of $3,200.000 fason Company purchased for $4,000,000 cash all of the outstanding common stock of . Turquoise's asses a Fair Value $5,750 000 liabilities had fair values different from the book values as follows: Book Value Property, plant, and equipment, $5,000,000 500,000 3,000,000 2,800,000 As a result of the transaction, what amount will be shown as goodwill in the July 31, 2014, consolidated balance sheet of Mason Company and its wholly owned subsidiary, Turquoise Company? a. $350,000 c. $750,000 d. $800,000 b. $250,000 tmorket value of $240.000. Its book value in the acco