on 29 + red West, Inc. holds 100 % of the common stock of Coast Company, an investment acquired for $680,000. Immediately following the combination, West's net assets have a book value of $1,150,000 and a fair value of $1,390,000. The book value and the fair value of Coast's net assets on the date of combination are $400,000 and $550,000, respectively. Immediately following the combination, a consolidated balance sheet is prepared Based on the information given above, goodwill will be reported in the consolidated balance is out of g question sheet in the amount of: Select one: a. 130,000 b. 240,000 C. 270,000 d. 150,000