Orion Inc. has a $40$ percent interest in Petra Company, reported using the equity method, and carried at $$25$ million. Orion acquires the remaining stock of Petra for $$80$ million. The fair value of the equity method investment at the date Orion buys the remaining stock is $$22$ million. The fair value of Petra$$s identifiable net assets is $$50$ million. What amount of goodwill is recognized when the remaining stock is acquired?

Select one:

a$.$

$$52$ million

b$.$

$$30$ million

c$.$

$$55$ million

d$.$

$$0$