On the last day of 20X1, ABC owned 25 percent of XYZ. The carrying value of this investment on ABC's balance sheet was 1,000. On the first day of 20X2, ABC paid 4,000 for the remaining 75 percent of XYZ's shares and it estimated that the fair value of the amount it previously owned interest was 1,200. Per appraisals conducted on the first day of 20X2, ABC estimates that XYZ's net identifiable assets have a fair value of 3,500. What is consideration and goodwill? Consideration is 4,000 and goodwill is 500. Consideration is 4,000 and goodwill is 1,375 (i.e., 4,000 - (0.753,500). Consideration is 5,200 and goodwill is 1,700. None of the above