On the 1 July 2013, Alma Ltd purchased 30% of the shares of Chelsea Ltd for $ 105000, at this date the equity of Chelsea Ltd consisted of 200000 share capital and 10000 retained earnings. At this date, all identifiable assets and liabilities of Chelsea Ltd were recorded at fair value except for inventory which its fair value 50000 and carrying value 35000. And plant that its fair value 100000 and carrying value 60000. If the useful life of plant 4 years and tax rate was 30%. Alma will recognize:

Select one:

a. None of the given choices

b. Goodwill of 40450

c. Goodwill of 20450

d. Goodwill of 30450