On January 1,2018 the Pear Company acquired all of the stock of the Pear Company for $4,000,000. At this time, the Pear Company had the following assets and liabilities: inventory book value $400,000 fair market value $600,000; land book value $1,000,000 fair market value $2,000,000; note payable book value $500,000 fair market value $300,000. How much goodwill arose in this acquisition? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $4,000,000 b \$\$O c $1,700,000 d $3,100,000 e None of the above