Lucky's acquires Waterview, Inc., by issuing 40,000 shares of $1 par common stock with a market price of $25 per share on the acquisition date and paying $125,000 cash. The assets and liabilities on Waterview's balance sheet were valued at fair values except equipment that was undervalued by $300,000. There was also an unrecorded patent valued at $40,000, as well as an unrecorded trademark valued at $75,000. In addition, the agreement provided for additional consideration, valued at $60,000, if certain earnings targets were met. The pre-acquisition balance sheets for the two companies at acquisition date are presented below. Lucky's Waterview Cash $ 300,000 $ 260,000 Accounts receivable 250,000 135,000 Inventory 254,000 275,000 Property, plant, and equipment 2,300,000 356,500 $3,104,000 $1,026,500 Accounts payable Salaries and taxes payable Notes payable Common stock Additional paid-in capital Retained earnings $ 45,000 450,000 500,000 250,000 950,000 909,000 $3,104,000 $ 37,500 46,000 450,000 60,000 106,500 326,500 $1,026,500 Compute consolidated identifiable intangible assets. Select one: A. $ 75,000 B. $115,000 C. $ 40,000 O D. $175,000