On January 1, Coldwater Company has a net book value of $2,133,000 as follows:

2,450 shares of preferred stock; par value $100 per share; cumulative, nonparticipating, nonvoting; call value $108 per share	$	245,000
31,500 shares of common stock; par value $40 per share		1,260,000
Retained earnings		628,000
Total	$	2,133,000

Westmont Company acquires all outstanding preferred shares for $263,000 and 60 percent of the common stock for $1,191,840. The acquisition-date fair value of the noncontrolling interest in Coldwaters common stock was $794,560. Westmont believed that one of Coldwaters buildings, with a 12-year remaining life, was undervalued by $62,000 on the companys financial records.

What amount of consolidated goodwill would be recognized from this acquisition?

• $48,400.

• $49,600.

• $54,400.

• $50,800.