Advance financial

Time left 1:44:20 Pedro Corporation acquired 80 percent of Sano Enterprises for $480,000 on October 1. At that date Sano had the following book and market values: Book Value Market Value $ 68,000 $68,000 Cash & Receivables Inventory 314,000 376,000 726,000 792,000 Plant assets (net) Cost of Goods Sold 506,000 253,000 Operating expenses Liabilities Common Stock Retained Earnings (583,000) (583,000) (50,000) (414,000) (820,0000 Sales What is the amount of goodwill that must be reported in the consolidated balance sheet? a. $ 75,000 ob. $(53,000) OC. $0 d. $ 8,000 +