Bristle Corporation acquired 75 percent of Silver Corporation's common stock on December 31, 20X8, for $300,000. The fair value of the noncontrolling interest at that date was determined to be $100,000. Silver's balance sheet immediately before the combination reflected the following balances:

Cash and Receivables$40,000

Inventory70,000

Land90,000

Buildings and Equipment (net) 250,000

Total Assets $450,000

Accounts Payable$30,000

Income Taxes Payable40,000

Bonds Payable100,000

Common Stock100,000

Retained Earnings 180,000

Total Liabilities and Stockholders' Equity $450,000

A careful review of the fair value of Silver's assets and liabilities indicated that inventory, land, and buildings and equipment (net) had fair values of $65,000, $100,000, and, $300,000 respectively. Goodwill is assigned proportionately to Bristle and the noncontrolling shareholders.

1. Based on the preceding information, what amount of goodwill will be reported in the consolidated balance sheet immediately following the acquisition? A. $0 B. $120,000 C. $65,000 D. $20,000

Answer: C

2. Based on the preceding information, what amount will be reported as investment in Silver Corporation stock in the consolidated balance sheet immediately following the acquisition? A. $0 B. $210,000 C. $300,000 D. $400,000

Answer: A

Can you explain and show me why those are the answer?