Duffy Company paid $5903 in cash to acquire Lemon Company. At the time of acquisition, Lemon Company had the following information:

	Fair Value	Book Value
Total assets	$3832	$3669
Total liabilities	$960	$960

Duffy Company's journal entry to record the acquisition will involve: a.

A credit to Goodwill of $3194

b.

A credit to Goodwill of $3031

c.

A debit to Goodwill of $3031

d.

A debit to Goodwill of $3194