On 1/1/X1, Big Company acquired 100% of Small company's common stock for $700,000. At the time, Small Company had $300,000 of capital stock and $300,000 of retained earnings. An inspection of Small's assets identified two asset groups that were mis-valued: Asset Fair Value Book Value Land $140,000 $100,000 Building $100,000 $50,000 The building has a 10-year life. Based on this information, how much goodwill exists? $10,000 $40,000 $100,000 O None of the Above