Ariel Limited (Ariel) purchased ordinary shares of Babette Company (Babette) through open-market purchases as follows: Date Acquired Shares January 1, 2021 June 30, 2021 6,000 12,000 Market Price ($ per share) 24 26 Total Purchase Cost ($) 144,000 312,000 The market value of Babette's ordinary share was $29 per share on December 31, 2021. It is Ariel's policy to record investments with ownership percentage less than 20% using FVPL. Following shows the shareholders' equity information for Babette for 2020 and 2021: Share Capital, $1 Par Share Premium Retained Earnings, 12/31 Total Shareholders' Equity 2020 ($) 2021 ($) 120,000 120,000 860,000 860,000 1,530,000 2,510,000 1,700,000 2,680,000 On December 31, 2021, Ariel purchased further 79,200 ordinary shares of Babette with a cash payment of $3,110,000. Therefore, Ariel was able to exercise control over Babette. The fair value and the carrying amount of Babette's identifiable net assets were $3,082,000 and $2,680,000 respectively. Ariel elected to use partial goodwill method. Determine the goodwill to be reported in the consolidated statements for the year ended December 31, 2021. a. $1,537,580 b. $1,211,200 C. c. $1,135,580 d. $1,069,580 e. $322,380 Of. None of the above