On January 1, 2010, Ritt Corp. purchased 80% of Shaw Corp's $10 par common stock for $975,000. On this date, the carrying amount of Shaw's net assets was $1,000,000. The fair values of Shaw's identifiable assets and liabilities were the same as their carrying amounts except for plant assets (net) with fair values of $100,000 in excess of their carrying amount. The fair value of the noncontrolling interest in Shaw on January 1, 2010, was $250,000. For the year ended December 31, 2010, Shaw had net income of $190,000 and paid cash dividends totaling $125,000. In the January 1, 2010 consolidated balance sheet, goodwill should be reported at: $0 $75,000 $95,000 $125,000 Save Question 2 (1 point)