Assume on January 1, 2022 an investor company paid $1,188 to an investee company in exchange for the following assets and liabilities transferred from the investee company:

Asset (Liability)	Estimated Fair Value
Production equipment	$420
Factory	480
Licenses	300

In addition, the investor provided to the seller contingent consideration with a fair value of $120 and the investor paid an additional $48 of transaction costs to an unaffiliated third party. The contingent consideration is not a derivative financial instrument. The fair values are measured in accordance with FASB ASC 820: Fair Value Measurement.

Assume the net assets transferred from the investee qualify as a “business,” as that term is defined in FASB ASC Master Glossary. At what amount will Goodwill be reported in the financial statements of the acquiring company on January 1, 2022?

Select one:

a. $12

b. $108

c. $36

d. $0