On January 1, Coldwater Company has a net book value of $1,625,000 as follows:

1,850 shares of preferred stock; par value $100 per share; cumulative, nonparticipating, nonvoting; call value $108 per share	$	185,000
22,500 shares of common stock; par value $40 per share		900,000
Retained earnings		540,000
Total	$	1,625,000

Westmont Company acquires all outstanding preferred shares for $198,000 and 60 percent of the common stock for $918,660. The acquisition-date fair value of the noncontrolling interest in Coldwaters common stock was $612,440. Westmont believed that one of Coldwaters buildings, with a 12-year remaining life, was undervalued by $54,600 on the companys financial records.

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

• $49,500.

• $45,900.

• $44,700.

• $43,500.