ABC Incorporated purchased all the outstanding stock of XYZ Company, paying $950,000 cash. ABC assumed all the liabilities of XYZ. The net book values and fair market values of acquired assets and liabilities were as follows (SEE ATTACHED IMAGE):

ABC would record goodwill related to this purchase in what amount:

A) $0

B) $75,000

C) $445,000

D) $250,000

Please explain and/ or show work

Current assets (net) Plant, property, and equipment (net) Liabilities Net Book Value $130,000 600,000 150,000 Fair Market Value $ 125,000 750,000 175,000