Assume that on January 1, 2019, an investor company acquired 100% of the outstanding voting common stock of an investee company in exchange for $160,000. The transaction is a taxable asset acquisition under the Internal Revenue Code. The following financial statement information is for the investor company and the investee company on January 1, 2019, prepared immediately before this transaction.

	Book Values
	Investor	Investee
Current assets	$100,000	$60,000
Noncurrent assets	275,000	120,000
Total assets	$375,000	$180,000
Liabilities	$150,000	$100,000
Common stock ($1 par)	20,000	10,000
Additional paid-in capital	130,000	50,000
Retained earnings	75,000	20,000
Total liabilities & equity	$375,000	$180,000

Assume  the fair values of the investee’s net assets approximated the recorded book values of the investee’s net assets, except the fair value of the investee’s identifiable noncurrent assets is $30,000 higher than book value. In addition, the investee’s pre-transaction tax bases in its individual net assets approximate their reported book values. Any book-tax differences relate entirely to tax-deductible items. Assume the marginal tax rate is 20% for the investor and investee. What amount of goodwill should be reported in the investor’s consolidated balance sheet prepared immediately after this business combination?

A.$80,000

B.$160,000

C.$56,000

D.$50,000