On May 31, 2016, Columbanus Company paid $2,000,000 to acquire all of the common stock of Mistor Corporation, which became a division of Columbanus. Mistor reported the following balance sheet at the time of the acquisition: $400,000 200,000 S400,000 Current assets Noncurrent assets 1800.000 Long-term liabilities Total assets Current liabilities Stockholders equity Total liabilities and stockholders equity 1600000 It was determined at the date of the purchase that the fair value of the identifiable net assets of Mistor was $1,875,000. At December 31, 2016, Mistor reports the following balance sheet information Current assets Noncurrent assets (including goodwill recognized in purchase) Current liabilities Long-term liabilities Stockholders Equity DR (GR $600,000 1,600,000 (500,000) (300,000) (1,400,000) The recorded amount for Mistor's net assets (excluding goodwill) is the same as fair value, except for property, plant, and equipment, which has a fair value of $75,000 above the carrying value. Assume the 12/31/16 fair value of the Mistor division is $1,375,000 On 5/31/16, Columbanus Company recorded Goodwill of Select one O a. $325,000 b. $400,000 O c. $1,475,000 O d. $200,000 e. $125,000