On October 1, 20X3, Green Corporation paid $450,000 for all of Yellow Company's outstanding common stock. On that date, the book values and fair values of Yellow's recorded assets and liabilities were as follows:

	Book Value	Fair Value
Cash and Receivables	$75,000	$75,000
Inventory	155,000	160,000
Buildings and Equipment (net)	260,000	320,000
Liabilities	(150,000)	(150,000)
Net Assets	$340,000	$405,000

Based on the preceding information, the differential implicit in this acquisition is

		$0.
		$45,000.
		$65,000.
		$110,000.

Based on the preceding information, what amount should be allocated to goodwill in the consolidated balance sheet prepared immediately after the combination?

		$110,000.
		$65,000.
		$45,000.
		$0.