Marion Limited paid $90 000 for 60% of the shares in Lucia Limited. At the date of acquisition Lucia Limited had share capital of $80 000 and retained earnings of $45 000 and all of Lucia Limiteds assets and liabilities were recorded at fair value, except for plant that had a fair value of $20 000 more than its carrying amount. The company tax rate was 30%. The fair value of identifiable net assets acquired by Marion Limited amounted to:

A) $83 400

B)

$87 000

C)

$89 000

D)

$90 000