Fry Industries acquired Carey Production for $400,000 in cash. Below is Careys balance sheet as of the date of acquisition.

	Book Value	Fair Value
Accounts Receivable	60,000	60,000
Inventory	80,000	80,000
Equipment	100,000	250,000
Patent	10,000	120,000
Goodwill	100,000	100,000
Accounts Payable	20,000	20,000
Long-Term Debt	200,000	200,000
Common Equity	400,000	400,000

What, if any, goodwill does Fry recognize for this acquisition?

$0

$290,000

$110,000

$10,000

$410,000