On January 2, 20x1, Austin Corp. purchased 30% of the voting common stock of Gainsville Co., paying $2,600,000. Austin decided to use the equity method to account for this investment. At the time of the investment, Gainsville's total assets were $12,000,000 and liabilities were $4,000,000. Also, Gainsville reported identifiable assets and liabilities (i.e., 100%) different from its book values as follows: Fair Market Value $500,000 Book Value Building (10-year life) $400,000 Equipment (3-year life) 100,000 Franchise (8-year life) Bonds payable (10-year) 100,000 130,000 40,000 120,000 After Austin's investment, Gainsville also reported income and paid cash dividends as follows: Net Income Dividends Paid 20x1 $50,000 $10,000 20x2 10,000 20x3 40,000 60,000 55,000 10,000 20x4 10,000 What is the total amount (i.e., 100%) of excesses incurred as Austin purchased Gainsville's stocks? Select one: O a. Some other amount. O O O b. $120,000. C. $190,000. d. $150,000. What is the amount of Austin's excess amortization each year after 20x1? Select one: O a. $6,900 O O O b. Some other amount. C. $27,000. d. $8,100