On 1/2/20, Company P acquired 60% of the outstanding common stock of Company S for $600,000. No control premium was paid. At this time, Ss book value was $360,000 and its identifiable net assets had total fair value of $750,000. At the end of the year, 12/31/20, Ss book value was $420,000 and the fair value of its identifiable net assets was $840000. Assume there wasnt impairment loss, how much should be reported as goodwill in the consolidated balance sheet of 12/31/20?

a. $0 b. $250,000 c. $150,000d. $160,000e. (none of these)