Crane Company purchases Cullumber Company for $5550000 cash on January 1, 2021. The book value of Cullumber Company's net assets reported on its December 31, 2020 financial statement was $4150000. An analysis indicated that the fair value of Cullumber's tangible assets exceeded the book value by $710000, and the fair value of identifiable intangible assets exceeded book value by $375000. Determine the fair value of identifiable net assets used to record goodwill.

$5235000.

$4150000.

$4860000.

$335000.