On December 31, 20X9, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet information for Saturn just prior to the acquisition is given here:

Cash and Receivables	$	35,000
Inventory		75,000
Land		100,000
Buildings and Equipment (net)		220,000
Total Assets	$	430,000
Accounts Payable		$65,000
Bonds Payable		150,000
Common Stock		100,000
Retained Earnings		115,000
Total Liabilities and Stockholders Equity	$	430,000

At the date of the business combination, Saturn's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, land which had a fair value of $125,000, and buildings and equipment (net), which had a fair value of $250,000.

Based on the information provided, what amount of inventory will be included in the consolidated balance sheet immediately following the acquisition?

Multiple Choice

• $60,000

• $75,000

• $15,000

• $45,000