At the start of the current year, SBC Corp. purchased 30% of Sky Tech Inc. for $58 million. At the time of purchase, the carrying value of Sky Tech's net assets was $90 million. The fair value of Sky Tech's depreciable assets was $20 million in excess of their book value. For this year, Sky Tech reported a net income of $90 million and declared and paid $20 million in dividends. The amount of purchased goodwill is: Multiple Choice $78 million. $25 million. None of the above are correct $38 million