Blossom Company purchases Crane Company for $3550000 cash on January 1, 2021. The book value of Crane Company's net assets reported on its December 31, 2020 financial statement was $2950000. An analysis indicated that the fair value of Crane's tangible assets exceeded the book value by $470000. and the fair value of identifiable intangible assets exceeded book value by $255000. What amount of gain or goodwill is recognized by Blossom? $725000 gain. O $125000 gain. $125000 goodwill. O $470000 goodwill