On December 31, 20X1, Par Inc and Sub Corp reported current assets of $72,475 and $12,085 respectively on their balance sheets. Immediately following the reporting, Par Inc purchased all of Sub Corp's Common Shares on January 1, 20X2, for $48,323 in cash. On the acquisition date, Sub's current assets had a fair value of $31,397. The fair value of the remaining identifiable net assets was $13,286. The Common Shares accounts of Par and Sub were $88,929 and $12,131, respectively, immediately before the acquisition. The Retained Earnings accounts of Par and Sub were $9,663 and $10,983, respectively, immediately before the acquisition. (There were no other equity accounts.) What should be the amount of goodwill arising from Par's acquisition of Sub?

a.

$3,640

b.

$3,276

c.

$3,367

d.

$3,458

e.

$3,549