Igneo Inc. acquires Jaxon Services for $60 million in an acquisition recorded as a business combination. Jaxons recorded identifiable assets have a book value of $45 million and fair value of $18 million. Jaxons liabilities have a book and fair value of $30 million. Jaxon has previously unreported identifiable assets of $75 million. The entry to record the business combination includes a bargain gain of

Select one:

a. $27 million

b. $0

c. $45 million

d. $3 million