Luzon Corporation issued 130,000 shares of 15 par common stock with a fair value of 3,660,000 for all outstanding stock of Visayas Company . In addition , Luzon incurred the following costs,

Professional fees to arrange the business combination is 29,000

Cost of SEC registration is 15,000

Cost of printing and issuing stock certificates is 6,000

Immediately before the business combination in which Visayas Company was dissolved , Visayas assets and equities were as follows:

Book Value Fair Value

Current Assets 2,000,000 2,000,000

Current Assets 2,600,000 3,300,000

Liabilities 500,000 500,000

Common Stock 3,000,000

Retained Earnnings 300,000

Luzon should recognize expenses of?

a.) 44,000

b.) 29,000

c.) 50,000

d.) 35,000