On March 31, 2020, Wolfson Corporation purchased Barney Corporation for $25,000 in cash. Wolfson assumed all the liabilities of Barney. The book values and fair market values of Barney's assets and liabilities on the date of purchase were as follows:

	Book Value	Fair Value
Current assets	$6,000	$7,500
Property, plant & equipment (net)	11,000	14,000
Other assets	1,000	1,500
Current liabilities	4,000	4,000
Long-term liabilities	6,000	5,500

Wolfson would record goodwill of

a) $5,500

b) $11,500

c) $17,000

d) $2,000

e) $7,000